Home Finance Loans News

I’m Greg McBride, older financial analyst with Bankrate.com and here is your weekly look at home equity rates. The prolonged low rate background has been a blessing to home equity borrowers. Rates for both fixed and variable rate home equity products are lower than they were 6, 12, and 24 months ago. This week, the [...]

Home Equity 5.26% (line of credit) 6.49% (loan) Rates on loans backed by home equity barely changed in Bankrate’s weekly survey. The typical home equity loan fell 2 basis points to 6.49 percent. The typical home equity line of credit, or HELOC, was 5.26 percent, the same as last week. A basis point is one-hundredth [...]

Looking for ways to spruce up your home without putting yourself in the poorhouse? Whether you’re getting ready to sell your home or want to spiff it up inexpensively for your own enjoyment, we’ve got 10 brilliant strategies for you to consider. The actual cost and payback for each project can vary, depending on both [...]

Thank you, – Jeanne Tom Dear Jeanne Tom, Even though you’ve done an brilliant job in describing your situation, a solution isn’t clear-cut. Your goal should be to lessen your total interest deprivation over a time period that allows you to pay off the loans while meeting your other financial goals. How you can do [...]

Home Equity 5.26% (line of credit) 6.51% (loan) Rates on loans backed by home equity barely changed in Bankrate’s weekly survey. The typical home equity loan rose 1 basis point to 6.51 percent. The typical home equity line of credit, or HELOC, rose 1 basis point to 5.26 percent. A basis point is one-hundredth of [...]

I’m Greg McBride, older financial analyst with Bankrate.com and here is your weekly look at home equity rates. As has been the pattern of late, home equity rates went in divergent directions. The mean fixed rate home equity loan inched lower to 6.5 percent following last week’s spike privileged. Rates on home equity lines of [...]