High summer’s heat may be making home equity rates sleepy. The average rate on a $30,000 home equity line of credit (HELOC) was unchanged at 8.27 percent for the fifth straight week, according to Bankrate’s national survey of lenders. The average rate on the $30,000 home equity loan barely stirred, moving two basis points up to 8.28 percent.

Purchase applications declined to the slowest pace since May while refinance applications also took a nosedive.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.