California Home Equity Loan Rates

Since home equity loans are secured by equity in real estate they are considered a safer investment by financial institutions than unsecured consumer debt. As a result, the rate of interest reflects the value of this collateral on the debt. While the interest rate of a home equity loan is higher than a first mortgage it is considerably less than general consumer debt.
Like most other financial instruments, the rate varies based on supply and demand factors and the overall availability of credit in the market. Common standard interest rate levels used to compare debt service are the government