- 5.55% (line of credit)
- 7.15% (loan)
Here’s a look at the state of home equity rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted Feb. 23, 2011.
Loans backed by home equity made little movement in the last week.
The typical home equity line of credit, or HELOC, was 5.55 percent nationally, according to Bankate’s latest survey. That’s a drop of 1 basis point from last week.
The average home equity loan also fell by a basis point, to average 7.15 percent.
A basis point is one-hundredth of 1 percentage point.
See all home equity loan rates content.
— Gregg Fields