Interest Rate Roundup
- Line of credit: 4.74%
- Loan: 6%
Rates on loans backed by home equity moved slightly this week, according to Bankrate's latest survey of interest rates.
The typical home equity loan fell 1 basis point to 6 percent. A basis point is one-hundredth of 1 percent.
The typical home equity line of credit, or HELOC, rose 1 basis point to 4.74 percent.