- 5.38% (line of credit)
- 6.6% (loan)
Rates on loans backed by home equity fell in Bankrate's weekly survey.
The typical home equity loan lost 17 basis points to 6.6 percent. The typical home equity line of credit, or HELOC, slipped 2 basis points to 5.38 percent. A basis point is one-hundredth of 1 percentage point.