- 5.45% (line of credit)
- 6.74% (loan)
Rates on loans backed by home equity fell in Bankrate’s weekly survey.
The typical home equity loan fell 5 basis points to 6.74 percent. A basis point is one-hundredth of 1 percentage point . The typical home equity line of credit, or HELOC, fell 7 basis points to 5.45 percent.