2013 home equity rates forecast

The interest rates for home equity loans are forecasted to remain stable in 2013. A home equity loan is typically a second mortgage and general has a higher rate than first mortgages. For a $30,000 home equity loan, you can expect an approximate 6.4% rate. Because of the financial crisis of 2008, many lenders are wary to offer these types of loans, but because of the economic recovery, these loans are slowly returning to the market. Read the full article here:  http://www.bankrate.com/finance/home-equity/2013-home-equity-rates-forecast.aspx