Zak Munton’s second-half double earned a point for Bourne Town after they had done 2-0 down.
The Wakes’ fightback saw Rushden & Higham United lose ground in the promotion race.
Jon Tite’s goal after 19 minutes had the hosts in front at the interval.
When Lewis O’Dell doubled the lead four minutes before the hour mark the Lankies looked set for another win.
Munton started the comeback for Bourne after 64 minutes and followed up with an equaliser eight minutes from the end of the game.
On Tuesday evening Bourne are back in action with a trip to second-placed Stewarts & Lloyds Corby.