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Refinance > Prime Rate
The following information is about Prime Rate.
Prime Rate Defined
The interest rate charged by lenders to their best, most creditworthy customers. A less credit worthy customer may be offered a loan at the prime rate plus anywhere from 2 to 10 percent. Borrowing at below-prime also occurs, but is less common and usually applies to businesses, not individual consumers. The Federal Reserve determines whether to lower or raise the prime rate based on a variety of economic factors. Many consumer loans, such as auto, home equity, mortgage and credit card loans are based upon the prime rate. Building and maintaining a good credit history are two of the most important qualifications for prime-rate borrowing.
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- Prime Rate History: prime rate history
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- Us economic data..Unemploy ment prime rate Savings gdp Growth index trade balance Capacity Utilization: Us economic data..Unemploy ment prime rate Savings gdp Growth index trade balance Capacity Utilization
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- the Financial Forecast Center: The Financial Forecast Center is a site that specializes in the generation and publication of forecasts related to money: savings, investments, finance, economics, employment and loans.
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