Home Equity
- 5.51% (line of credit)
- 6.77% (loan)
For another week, rates on loans backed by home equity were a mixed bag.
The average home equity loan rose 1 basis point to 6.77 percent. A basis point is one-hundredth of 1 percentage point. The average home equity line of credit, or HELOC, stuck to 5.51 percent.