- 5.28% (line of credit)
- 6.21% (loan)
Rates on loans backed by home edged up in Bankrate's weekly survey.
A change in the mix of lenders surveyed by Bankrate accounted for the rate increases this week.
The typical home equity loan rose 3 basis points to 6.21 percent. A basis point is one-hundredth of 1 percent.
The typical home equity line of credit, or HELOC, rose 6 basis points to 5.28 percent.
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