Friday, December 7, 2012

National home equity loan rates for Dec. 6, 2012 -

  • 5.02% (line of credit)
  • 6.12% (loan)

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

The typical home equity loan dropped 10 basis points to 6.12 percent. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, fell 2 basis points to 5.02 percent.


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