- 5.16% (line of credit)
- 6.42% (loan)
Rates on loans backed by home equity increased in Bankrate's weekly survey.
The typical home equity loan rose 3 basis points to 6.42 percent. A basis point is one-hundredth of 1 percentage point. The typical home equity line of credit, or HELOC, also rose 3 basis points to 5.16.