home equity

National home equity loan rates for April 12, 2012

Interest Rate Roundup
Home equity loan rate graph
Find the best home equity rates in your area.

Home Equity

  • 5.26% (line of credit)
  • 6.51% (loan)

Rates on loans backed by home equity barely changed in Bankrate's weekly survey.

The typical home equity loan rose 1 basis point to 6.51 percent. The typical home equity line of credit, or HELOC, rose 1 basis point to 5.26 percent. A basis point is one-hundredth of 1 percentage point.

 

 

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Use home equity loan to pay for school?

Dear Dr. Don, I wish to help my daughter pay for nursing school by getting a $70,000 home equity line of credit. She would like to pay it off in the next 15 to 20 years. One variable-rate option carries a cost of the prime... Read more

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