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For that group, average home equity line of credit (HELOC) rates for 10-year loans ticked up slightly to 6.09% from 5.96% the week prior, according to Bankrate data from the week ending August 15.

HELOC rates dipped again week, and hit their lowest level since September last week, with an average interest rate of 3.59% for a 10-year repayment period (unchanged from a week prior), and 5.89% ...

Related: Best Home Equity Loan Lenders $100K HELOC Loan Rates —Ideal for Medium-Sized Projects A $100K HELOC is suitable for more extensive renovation projects or other significant financial needs.

20-Year Home Equity Loan Rates (240 Months) Offering longer repayment and lower monthly payments, 20-year home equity loans are suitable for larger investments and long-term financial planning.