Home equity loan rates for Oct. 4, 2012

Bankrate.com

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Home Equity

  • 5.15% (line of credit)
  • 6.28% (loan)

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

The typical home equity loan fell 5 basis points to 6.28 percent. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, was 5.15 percent, the same as last week.



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