Spreads on HELOCs Increased Slightly

February 21, 2012 – According to Bankrate, the average rate for a new $30k Home Equity Line of Credit (HELOC) was 4.65% compared with last week of 4.66%.

According to the Federal Home Loan Bank of Des Moines, the 1 week advance rate for the current week was 0.35% compared with the prior week of 0.37%.

The net effect was that spreads on fixed rate home equity lines of credit increased slightly for the week to 4.30%.