By Polyana da Costa | Bankrate.com – Thu, 2 Aug, 2012 6:00 AM EDTRates on loans backed by home equity were mixed in Bankrate's weekly survey.
The typical home equity loan rose 1 basis point to 6.39 percent. A basis point is one-hundredth of 1 percentage point. The typical home equity line of credit, or HELOC, fell 2 basis points to 5.13 percent.
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