Home equity loan rates for Nov. 15, 2012

Bankrate.com

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Home Equity

  • 5.04% (line of credit)
  • 6.22% (loan)

Rates on home equity loans and lines of credit fell this week.

For a $30,000 home equity loan, the average rate fell 7 basis points to 6.22 percent. A basis point is one-hundredth of 1 percentage point.

For a typical $30,000 home equity line of credit, or HELOC, the average rate fell 1 basis point to 5.04 percent.



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