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bankrate

National home equity loan averages

  • Chris Kissell
  • On 6:00 am EDT, Thursday October 29, 2009

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 Oct. 28, 2009.

Home Equity

Rate: 5.63 percent (line of credit); 8.06 percent (loan)

Rates on home equity products jumped this week, with loans and lines of credit registering their biggest weekly rises since early March.

The average home equity line of credit, or HELOC, jumped 8 basis points, to 5.63 percent. Home equity loan rates rose 6 basis points, to 8.06 percent.

To find the best home equity loan rates in your area, check Bankrate's interactive tool.

-- Chris Kissell

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Bank information obtained from market surveys by Bankrate.com, based on non-promotional bank rates using published sources.
Copyright © 2009 Bankrate.com. All rights reserved.