home equity

National home equity loan rates for June 21, 2012

Interest Rate Roundup
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Home Equity

  • 5.21% (line of credit)
  • 6.44% (loan)

Rates on home equity loans and lines of credit were down this week.

The average home equity loan rate was down 4 basis points to 6.44 percent. The average home equity line of credit, or HELOC, was also down 4 basis points, coming in at 5.18 percent. A basis point is one-hundredth of 1 percentage point.

 

 

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