- 5.2% (line of credit)
- 6.51% (loan)
Rates on loans backed by home equity were mixed in Bankrate's weekly survey.
The typical home equity loan rose 15 basis points to 6.51 percent. The typical home equity line of credit, or HELOC, fell 2 basis points to 5.2 percent. A basis point is one-hundredth of 1 percentage point .
Source: http://www.bankrate.com/finance/news/home-equity/interest-rates-032912.aspx
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