Commercial banks and thrifts are offering significantly more home equity loans at lower prices, according to American Bankers Association data for the 12 months through last June 30.

The trade association found that home equity loans and lines of credit grew 15.2% and 24%, respectively, during that period after four years of fairly flat growth. From July 1992 through June 1996, growth in home equity lines averaged only 3% a year.

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