- 5.45% (line of credit)
- 6.62% (loan)
Rates on loans backed by home equity fell in Bankrate’s weekly survey.
The typical home equity loan fell 1 basis point to 6.62 percent. The typical home equity line of credit, or HELOC, was 5.45 percent, unchanged from last week. A basis point is one-hundredth of 1 percentage point.