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Home equity loan rates for Aug. 29, 2013

Polyana da Costa

Interest Rate Roundup

Home equity rate graph

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Home Equity

  • 4.95% (line of credit)
  • 6.08% (loan)

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

The typical home equity loan fell 6 basis points to 6.08 percent. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, fell 4 basis points to 4.95 percent.

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