- 5.38% (line of credit)
- 6.58% (loan)
Rates on loans backed by home equity were mixed in Bankrate's weekly survey.
The typical home equity loan fell 2 basis points to 6.58 percent. The typical home equity line of credit, or HELOC, was 5.38 percent, the same as last week. A basis point is one-hundredth of 1 percentage point.