Home equity loan rates for Nov. 1, 2012

Bankrate.com

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Home Equity

  • 5.06% (line of credit)
  • 6.22% (loan)

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

The typical home equity loan fell 3 basis points to 6.22 percent. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, also fell 3 basis points to 5.06 percent.



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