Home equity loan rates for May 2, 2013

Find the best home equity rates in your area.

Home Equity

• 5.15% (line of credit)
• 6.15% (loan)

Rates on loans backed by home equity barely changed in Bankrate's weekly survey.

The typical home equity loan fell 1 basis point to 6.15 percent. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, also fell 1 basis point to 5.15 percent.