home equity

Home equity rates for April 5, 2012

 

I'm Greg McBride, senior financial analyst with Bankrate.com and here is your weekly look at home equity rates.

As has been the pattern of late, home equity rates moved in divergent directions. The average fixed rate home equity loan inched lower to 6.5 percent following last week's spike higher.

Rates on home equity lines of credit increased, with the average rate climbing to 5.25 percent. But just because the average rate increased doesn't mean all lenders were boosting rates. In fact, some were cutting rates into the low 4's and high 3's. What all this means is that it underscores the importance of shopping around so you can find the best deal.

For more information on home equity loans and home equity lines of credit, and to check home loan rates in your area, go to Bankrate.com.

I'm Greg McBride.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Brand’s perfume: Essence of Lincoln

Lincoln has developed its own perfume fragrance and no, it's not "new car smell," despite being named Essence of Lincoln. Used in the ventilation system of Lincoln dealerships and on scent cards available in showrooms, the scent was developed as a way to create more luxury and warmth for customers visiting the dealerships as they  ... Read more


Connect with us