- 5.03% (line of credit)
- 6% (loan)
Rates on loans backed by home equity were mixed in Bankrate's weekly survey.
The typical home equity loan fell 4 basis points to 6 percent. The typical home equity line of credit, or HELOC, rose 2 basis points to 5.03 percent.
A basis point is one-hundredth of 1 percentage point.
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