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Currently, the average rate for a home equity loan is 6.44 percent. That is good news for homeowners as the rate has dropped from 6.48 percent in August 2012.

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Q: What is the average rate for home equity loans?
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Related questions

What banks offer the lowest rate home equity loans?

There are two banks that offer the lowest rate home equity loans. These two banks that offer low rate home equity loans are RBC and The Bank of America.


Where can one find home equity loans at fixed rate?

There are many places where one can find home equity loans at fixed rate. On the websites "bankrate" or "zillow" one can find home equity loans at fixed rate.


What is the average interest rate for an equity loan?

The average interest rate for home equity loans is constantly changing. As of June, 2013 the average interest rate was 5.11% for a line of credit and 6.15% for a loan.


What is the average equity rate for homes?

The average home equity rate for 2012 was 5.21%, the forecast rate for 2013 is 5.21%. Equity rates on homes are typically higher than those on primary mortgages as equity loans are considered second mortgages.


Where can a home owner go in search of a low rate home equity loan?

Low rate home equity loans are provided by many companies and websites. Of these, BECU is one of the more well known loaners that offer home equity loans.


What are the benefits of fixed rate home equity loans?

The benefits to having fixed rate home equity loans is that your loan payments are predictable and won't vary month to month. In addition, there are no fees to switch to a fixed rate loan.


What is a typical rate for a Fixed Home Equity loan?

Home Equity Loans is where an individual uses the value of their home as collateral. The typical rate of a fixed home equity term is around 5.17%, though this may vary.


What kind of mortgages does Countrywide offer?

The types of mortgages that Countrywide offers are primarily home purchase loans, home refinance loans and home equity. They offer fixed rate loans and adjustable rate mortgages.


What is the average interest rate on a Home Equity Loan in Texas?

The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%


What is the percentage rate for first time homeowner loans?

The percentage rate for first time home owner loans is average. The percentage rate is average because first time home owner loans are for people who have never owned a home.


Where could a person compare the interest rate on home equity loans?

There are several online sites where one can compare the interest rates on home equity loans. Some of these online sites are "Bankrate", "Quickenloans", and "Lendingtree".


In Texas if you refinance your home once as a home equity loan are you forced to have all future refinances be home equity loans also?

Yes. Once a home equity loan, always a home equity loan; but there are certain programs that give breaks in rate to previous home equity acquisitioners.