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PRIME RATE HISTORY

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When 23 out of 30 largest US banks change their prime rate, the WSJ prints a composite prime rate change. Uses. The prime rate is used often as an index in calculating rate changes to adjustable rate mortgages (ARM) and other variable rate short term loans. . United States Prime Rate: The Current U.S. (Fed) Prime Rate is: % December 19, The FOMC has voted to raise the target range for the fed funds rate to % - %.

PRIME RATE HISTORY. Considering a Variable Rate Mortgage? Gain some peace of mind by viewing the historical movements of our Prime Lending Rate here at MCAP.

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The prime rate is used often as an index in calculating rate changes to adjustable rate mortgages ARM and other variable rate short term loans.

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Please help improve this article by adding citations to reliable sources. Many credit cards with variable interest rates have their rate specified as the prime rate index plus a fixed value commonly called the spread.

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