Is 6.6% a competitive HELOC Rate for the Bay Area

[Jonathan Pflueger]

BP, 

After doing some of my own research I am curious to see what others in the Bay Area are getting offered in terms of HELOC rates. I was just offered a 6.6% variable rate, interest only, 10 year draw, on my primary residence from State Farm Bank. This also came with a teaser rate of 2.2% for the first year.

Any thoughts or suggestions? 

Thanks.