Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted July 16, 2008.
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Home equity products
Rates: 5.5 percent (line of credit); 7.93 percent (loan)
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Rates on home equity products rose slightly this week.
The average home equity line of credit -- or HELOC -- rose 2 basis points, to 5.5 percent.
Home equity loan rates ticked up 1 basis point, to 7.93 percent.
In other home equity news, customers with home equity lines of credit at IndyMac Bank -- which recently collapsed -- learned their HELOCs have been frozen, pending a review of each account by federal regulators.
-- Chris Kissell
Compare home equity loans in your area. |
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July 30 - Aug. 5
