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2. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/finance/current-prime-rate-does...

   The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve has increased the prime rate.

3. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

4. Federal Reserve Statistical Release H.15 - Wikipedia

   en.wikipedia.org/wiki/Federal_Reserve...

   The United States Federal Reserve Statistical Release H.15 is a weekly publication (with daily updates) of the Federal Reserve System of selected market interest rates. [1] Many residential mortgage loans are indexed to the one-year treasury rate published in the H.15 release. [citation needed]

5. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   Prime rates in the US, FRG and the European Union. The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate. [1]: 8

6. Mortgage and refinance rates for Jan. 16, 2025: Rates hit ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...

7. What Is the Federal Funds Rate? See the Current Rate, How It ...

   www.aol.com/federal-interest-rates-ve-changed...

   1994-1995: Soft Landing. Once it had rebounded from the 1990-1991 recession, the U.S. economy entered a period of unprecedented growth. Unemployment had dropped, inflation was below 3% and the ...