home equity

National home equity loan rates for April 19, 2012

Interest Rate Roundup
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Find the best home equity rates in your area.

Home Equity

  • 5.26% (line of credit)
  • 6.49% (loan)

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

The typical home equity loan fell 2 basis points to 6.49 percent. The typical home equity line of credit, or HELOC, was 5.26 percent, the same as last week. A basis point is one-hundredth of 1 percentage point.

 

 

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Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more


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