- 4.94% (line of credit)
- 6.24% (loan)
Rates on loans backed by home equity were mixed this week, according to Bankrate's latest survey of interest rates.
The typical home equity loan rose 2 basis points to 6.24 percent. A basis point is one-hundredth of 1 percent.
For the second week in a row, the typical home equity line of credit, or HELOC, was 4.94 percent.