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The most recent average interest rate (as of 6/05/13) for a home equity loan is 6.09%. Let it be noted that this rate changes every minute, hour, day, and month.

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Q: What is the current average interest rate for a home equity loan?
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Related questions

What are the average interest rates on a home equity loan?

The average interest rates on a home equity loan depends on which home equity loan in particular. For example, the $30 HELOC is averaged at an interest rate of 5%.


What are the current interest rates for a home equity loan for an individual with excellent credit?

Current interest rates for a home equity loan will vary from bank to bank. For an individual with excellent credit, interest rates can vary from 4.00% to about 5.00%.


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 current interest rate for the Citibank home equity line of credit?

The current interest rate for the Citibank home equity line of credit is 4.49% for a $50,000 loan. However whether one would get this would normally depend on credit history.


Where can one find information about average interest rates on home equity loans?

Finding average interest rates on home equity loans is not difficult. This information can be found by speaking to a financial expert in a bank, or at any financial institution that provides home loans.


What are Wells Fargos current home equity loan rates?

Wells Fargos's home equity loan rates fluctuate depending on the current interest rates. The home equity loan rate can change frequently in a short period of time. To find the most current home equity loan rates for Wells Fargo, it is best to contact the company directly or via their website.


What is the average interest rate for a home equity line of credit?

Interest rates for home equity lines of credit are typically in the 3.5-5% range. Of course, this depends on a number of factors, including one's credit score.


Are home equity loan rates the same as mortgage rates?

Home Equity loans are similar to Mortgages with a slight difference. The Home Equity loan is offered at a higher rate of interest than the normal mortgage ones because it is basically a refinance of the current loan.


Where can home equity interest rates be found?

Home equity interest rates fluctuate quite often, so it is best to check various sources and get the most current information. You can find up-to-date information at Chase, QuickenLoans, BankRate, and Wells Fargo.


Where can one find the latest Home Equity and Line of Credit interest rates?

One can find the latest home equity and line of credit interest rates on the website for various banking services. For example, one can find the current line of credit interest rates on the Bank of America website.


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%


How do you use a Home Equity Calculator?

A Home Equity Calculator is extremely easy to use. Most financial websites have them and all they require is that you put in information such as current loan balance (how much you still owe), your current property value, years left on the loan, and interest rates. It will then give you the equity of your home through the rest of the periods on your loan.