2007-01-31 07:50:10 · 5 answers · asked by jitnay 1 in Business & Finance ➔ Personal Finance
Others are correct that the prime rate recognized by most US lenders is currently at 8.25%. However, it is the financial community, as represented by the Wall Street Journal, that establishes that rate.
You may be thinking of the Federal Discount Rate, at which institutions borrow from the Fed. It is currently at 6.25%
2007-01-31 08:27:02 · answer #1 · answered by Rob D 5 · 0⤊ 0⤋
The current prime rate is set at 8.25%.
2007-01-31 16:13:41 · answer #2 · answered by Austin S 1 · 0⤊ 0⤋
The current is set at 8.25%
I keep a market update on my site at www.fnmshome.com. It changes within seconds of the actual change in the market
2007-01-31 16:01:28 · answer #3 · answered by walkinandrockin 3 · 0⤊ 0⤋
It's still lingering at 8.25%, but it should be coming down soon... I've heard by March if not before :) We'll see... LoL!
2007-01-31 23:48:11 · answer #4 · answered by Tifferella 1 · 0⤊ 0⤋
8.25%
http://www.prime-rate.com/
Here is another pretty cool site: http://www.forecasts.org/prime.htm
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2007-01-31 15:53:44 · answer #5 · answered by Littlebit 6 · 0⤊ 0⤋