Home equity loan rates for Nov. 15, 2012

Sheyna Steiner

Interest Rate Roundup

Home equity rate graph
Home equity rate graph

Find the best home equity rates in your area.

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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