Home equity loan rates for Nov. 8, 2012

Claes Bell
November 8, 2012

Interest Rate Roundup

Home equity rate graph
Home equity rate graph

Find the best home equity rates in your area.

Home Equity

  • 5.05% (line of credit)
  • 6.29% (loan)

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

The average rate for a typical $30,000 home equity loan rose 7 basis points to 6.29 percent. A basis point is one-hundredth of 1 percentage point.

On the other hand, the average rate for a typical $30,000 home equity line of credit, or HELOC, fell 1 basis point to 5.05 percent.

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