home equity

National home equity loan rates for Aug. 30, 2012

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

Home Equity

  • 5.16% (line of credit)
  • 6.38% (loan)

Rates on loans backed by home equity were unchanged in Bankrate's weekly survey.

The typical home equity loan was 6.38 percent, the same as last week. The typical home equity line of credit, or HELOC, stayed at 5.16 percent.

 

 

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Too soon for home equity loan?

Dear Dr. Don, I was wondering if it is possible to take out a second mortgage on my house to pay for my student loans. I've owned my house for about one year now, but I don't have much equity in the home. My student loan... Read more

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