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Home Equity

  • 5.17% (line of credit)
  • 6.42% (loan)

Rates on home equity loans and lines of credit dropped in Bankrate’s weekly survey.

The typical home equity loan fell 2 basis points to 6.42 percent. A basis point is one-hundredth of 1 percent. The typical home equity line of credit, or HELOC, fell 4 basis points to 5.17.

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