Interest.com's latest survey of major lenders taken Nov. 18 found the average cost of a $30,000:

Home equity line of credit held at 5.59%. In January the HELOC rate was 5.07%. A year ago, the average line of credit cost 5.10%.

Home equity loan fell to 7.87% from 7.90%. In January it was at 8.24%. A year ago, traditional second mortgages cost 8.09%.

You can check our extensive database to find the best home equity loan rates in your area.

Our home equity calculator will help you figure out what the payments will be for any loan or line of credit, whatever the interest rate may be.