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home equity

National home equity loan rates for Dec. 8, 2011

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

Home Equity

  • 5.49% (line of credit)
  • 6.78% (loan)

Rates on loans backed by home equity barely changed in Bankrate's weekly survey.

The typical home equity loan was 6.78 percent, the same as last week. The typical home equity line of credit, or HELOC, fell 1 basis point to 5.49 percent. A basis point is one-hundredth of 1 percentage point.

 

 

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Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.98% 4.99%
$30K home equity loan
6.17% 6.19%
$50K HELOC
4.56% 4.56%
$75K home equity loan
5.94% 5.97%
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Don Taylorhome equity
Is your home equity lender making unreasonable demands? It might be time to tip off regulators.
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