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2. What Is the Current Prime Rate and How Does It Affect You? - AOL

   www.aol.com/current-prime-rate-does-affect...

   The current prime rate is 7.75%, up from 7.50% in December. It went into effect Feb. 2, 2023. This is the eighth time that the Federal Reserve has increased the prime rate since it began its most ...

3. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

4. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   The prime rate or prime lending rate is an interest rate used by banks, ... As of 26 December 2023, the prime rate was 8.50% in the United States [2] ...

5. List of sovereign states by central bank interest rates

   en.wikipedia.org/wiki/List_of_sovereign_states...

   Central bank interest rate minus average inflation rate (2017–2021) ... 8 November 2023 [9] 1.78 2.57

6. Mortgage and refinance rates for Feb. 5, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   The current average interest rate for a 30-year fixed mortgage is 6.95% for purchase and 6.95% for refinance — down 6 basis points from 7.01% for purchase and 7 basis points from 7.02% for ...

7. How Fed rate decisions affect your finances: 5 key impacts on ...

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   For instance, the prime rate gradually dropped from a historic high of 8.50% in July 2023 to 7.50% in December 2024 as the Fed cut its benchmark funds rate a full point in 2024. How soon do credit ...