HELOC, home equity rates rise
Home equity rates posted broad gains this week. The $30,000 home equity line rose 16 basis points to 7.26%, according to Bankrate’s national lender survey. Meanwhile, the $30,000 five-year home equity loan rose 12 basis points to 8.03%. Even with this week’s increase, home equity rates remain the most affordable in years. Roger Boschulte, head…