- 5.04% (line of credit)
- 6.03% (loan)
Rates on loans backed by home equity inched up in Bankrate's weekly survey.
The typical home equity loan rose 4 basis point to 6.03 percent. A basis point is one-hundredth of 1 percentage point.
The typical home equity line of credit, or HELOC, rose 1 basis point to 5.04 percent.
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