- 5.44% (line of credit)
- 6.89% (loan)
Rates on loans backed by home equity changed slightly in Bankrate’s weekly survey.
The typical home equity loan had an interest rate of 6.89 percent, unchanged compared to last week.
The typical home equity line of credit, or HELOC, fell 1 basis point to 5.44 percent. A basis point is one-hundredth of 1 percentage point.