The prime rate is defined by The Wall Street Journal (WSJ) as “The base rate on corporate loans posted by at least 70% of the 10 largest U.S.
Current and Historical Data.
|Date of Change||Prime Rate|
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What is today’s prime rate?
The prime rate (also called “prime lending rate,” or even “prime”) is the rate at which banks loan preferred customers funds for mortgages, loans and credit cards, and is the best rate customers can obtain. Currently, the prime rate sits at 5.50%.
What is the prime interest rate 2018?
|1983 – Present|
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What is the prime interest rate 2019?
US Bank Prime Loan Rate is at 5.25%, compared to 5.50% yesterday and 5.00% last year. This is lower than the long term average of 6.95%.
What is current index rate?
Current index values are used by lenders to calculate the variable rate in a borrower’s loan product. Lenders can offer a variety of variable rate loan products with fully indexed rates that change at differing reset times. Current index value reflects general market conditions and changes based on the market.