- 5.15% (line of credit)
- 6.38% (loan)
Rates on loans backed by home equity dropped in Bankrate's weekly survey.
The typical home equity loan fell 4 basis points to 6.38 percent. A basis point is one-hundredth of 1 percentage point. The typical home equity line of credit, or HELOC, fell 1 basis point to 5.15 percent.