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- Prime rate as of May, 2008: 5.00%
- Banks often charge customers the prime rate plus an additional percentage
- Prime is used in auto loans, home loans, credit cards and sometimes student loans
- Can vary between banks
- All-time High: 20.5% (August, 1981)FederalReserve.gov: Prime Rate Historical Data
- All-time low: 2.0% (January, 1949 - August, 1950)FederalReserve.gov: Prime Rate Historical Data
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The prime rate refers to the interest rate charged by banks to their most preferred customers. The federal funds rate and the prime rate are linked and typically move in the same direction (with prime generally being around three percent higher).MortgageLoan.com: Prime Rate and Other Leading Rates Therefore, when the Federal Reserve adjusts the federal funds rate, a corresponding adjustment may be applied to the prime rate.
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Wall Street Journal
The prime rate is often indexed by The Wall Street Journal, whereby the publication attains a consensus by surveying approximately 30 of America's largest banks. The Wall Street Journal prime rate is the most widely used among lenders.Bankrate.com: Wall Street Journal Prime Rate
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Prime Rate on Amazon
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Charlie Rose with Michael Metz & John Lipsky; Leah Rabin (April 1, 1997) - $24.95
Charlie sits down with financial analyst Michael Metz to talk about the bull market and today's rise in the Dow. John Lipsky of Chase Manhattan Bank suggests that inflation rates w...Amazon
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Bank of Canada to raise prime rate to 4.5%.(Business): An article from: Winnipeg Free Press - $9.95
This digital document is an article from Winnipeg Free Press, published by Thomson Gale on July 10, 2007. The length of the article is 455 words. The page length shown above is bas...Amazon
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Prime Rate Questions
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What are the roles of the Prime Minister of Japan? 1 AnswerThe Prime Minister of Japan, after being appointed by the Emperor from the Japanese legislature (called the Diet), has the following responsibilities: * Heads t... read more -
Explain how the Transit Circle telescope was used to determine the Prime Meridian 2 AnswersFirst, it should be noted that the "Transit Circle" refers to just one Transit in particular, and that there is no other built instrument in the world with that... read more
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How is the Prime Meridian used to determine time? 1 AnswerThe Earth's surface was divided into 24 equal segments, with the 360 degrees divided into 15 degree slices. The division started at the meridian crossing Greenw... read more
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how many robots formed that cave for the prime star 1 Answerits three because it showed the three robots transform into the rock. and if u rember it even said it. read more
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On Twitter Powered by Twitter
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Today's rate : Prime Rate 3.25%;; Eff. Fed Funds Rate 0.13% ;; Discount Rate 0.5%
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YouTube home page becoming prime display ad space with a 90% sellout rate: http://bit.ly/6pJBqV
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3.84% on a 5 yr fixed term, quick close in 30 days. Prime minus .25% on a variable - that means 2%!! What's YOUR mortgage rate??
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5 year mortgage 3.84%, varaible rate mortgage 2.00%(Prime-.25) or home equity line Prime+.065. NNNNNOOOOOO... http://bit.ly/4DwzCF
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@kdavidian what's a prime diver for high launch rate Ken?
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