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What is the average interest rate for a home equity loan in 2010?

In the United States the average interest rate for a home-equity loan of $30,000 is 8.07% this year. Generally the interest rate does not change by a large amount for different loan sizes although there are exceptions. Local and global economic factors may become directly involved with interest rates in your area and you also need to take into account credit rating, history, and which company you’re dealing with.

by Kathy Taylor on Sun, 01/17/2010 - 09:21

Cost and Price Reference Series

Find out the cost of many of life's important purchases here, in our cost and price reference series.

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