Prime Rate

Prime rate

	Fed lets low rates and QE2 ride With oil prices rising, the Fed stuck with its strategy to stimulate the economy. Fed keeps the status quo QE2 to stay on course The Fed stays its controversial course

	Recent prime rate stories
	Fed meets, starts QE2 The Fed will pump banks full of cash, but how much of that money will trickle down to consumers? Fed leaves rates untouched The Federal Reserve left rates unchanged, but what will it do to help grow the economy? Prime rate: what is it and how is it set? The prime rate determines borrowing costs on many short-term loans. What is it and how is it set? Fed leaves rates near zero With the economy recovering at a slow pace, the FOMC kept rates unchanged for the 14th time. Fed holds rates steady again The Federal Reserve kept rates steady today. How will this affect your savings account and debt load? Federal Reserve Open Market Committee meeting coverage: April 28, 2010 Fed keeps rate near zero in an attempt to encourage consumers and businesses to borrow. HELOC rate almost certain to rise Borrowing costs are almost certain to rise on a HELOC tied to the prime rate. Does prime rate affect monthly bills? Prime interest rate isn't a mandatory base number but is standard in most banks. Mortgage refinance timing is key The wisdom of a mortgage refinance today depends on your life plans for the future. Fixed-rate home equity loan can cut risk With interest rates likely to rise, locking into a fixed-rate loan may make sense right now. Prime rate standard falls by wayside Prime customers can borrow at a discount to the prime rate, so the number has lost its meaning, says Dr. Don.

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30 yr fixed average
3.67%

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Mortgage Overnight Averages

Product	Rate	+/-	Last week
30 yr fixed mtg	3.67%		3.62%
15 yr fixed mtg	2.80%		2.76%
5/1 ARM	2.60%		2.58%
30 yr fixed mtg refi	3.65%		3.61%

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Fed lets low rates and QE2 ride

Recent prime rate stories