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Topic: Prime rate

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Wall Street Journal prime rate

Discount rate

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	Current prime rate, fed funds rate, federal discount rate, COFI
		The prime rate, as reported by the Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates.
		Changes in the fed funds rate and the discount rate also dictate changes in the Wall Street Journal Prime Rate, which is of interest to borrowers.
		The prime rate is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans.
	www.bankrate.com /brm/ratewatch/leading-rates.asp (298 words)

	Prime rate - Wikipedia, the free encyclopedia
		The Federal Funds Rate is likewise determined by the Discount Rate, the rate that is actually set by the Federal Open Market Committee (FOMC) in its periodic meetings.
		The most commonly recognized prime rate index is the Wall Street Journal Prime Rate (WSJ Prime Rate), published in the Wall Street Journal.
		The Prime Rate is used often in calculating mortgages and other variable rate loans.
	en.wikipedia.org /wiki/Prime_rate (295 words)

	Wall Street Journal prime rate - Wikipedia, the free encyclopedia
		The Wall Street Journal Prime Rate (WSJ Prime Rate) is defined by The Wall Street Journal (WSJ) as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." It is not the 'best' rate offered by banks.
		The print edition of the WSJ is generally the official source of the prime rate.
		It changes only when the nation's "largest banks" decide on the need to raise, or lower, their "base rate." The prime rate may not change for years, but it has also changed several times in a single year.
	en.wikipedia.org /wiki/Wall_Street_Journal_prime_rate (206 words)

	Prime Lending Rate (Site not responding. Last check: 2007-10-30)
		The prime rate is the economic indicator used by most credit card companies to determine the interest rate charged on their variable rate credit cards (as opposed to fixed rate credit cards).
		When the prime lending rate fell, they simply raised their margin rates to compensate for the decreasing prime rate so they would not have to lower the interest rate on customers' credit cards.
		The Federal Reserve Board increases the prime rate during periods when the economy is growing too fast to discourage inflation, and lowers it when the economy is too sluggish to stimulate growth.
	www.bcsalliance.com /prime_rate.html (587 words)

	Mortgage (ARM) Indexes: Prime Rate, ARMs Tied To The Prime Rate (Site not responding. Last check: 2007-10-30)
		The Prime Rate is the interest rate charged by banks for short-term loans to their most creditworthy customers whose credit standing is so high that little risk to the lender is involved.
		Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis.
		Prime Rate vs. 1-Yr Prime Rate vs. 1-Yr Many home-equity loans and lines of credit are tied to the prime rate as published in the Wall Street Journal.
	mortgage-x.com /general/indexes/prime_rate.asp (376 words)

	Realty Times: Prime Rate or Fixed Rate Home Equity Loan: Which is Better?
		The second option is a home equity line of credit up to $55,000 at prime rate, currently at 4.75 percent.
		The prime rate is at 4.75 percent - also great.
		Here's the bottom line: The prime rate will probably average out higher than 6.50 percent over the next seven years, and this technically makes the fixed home equity loan a better deal.
	realtytimes.com /printrtpages/20020403_primeorfixed.htm (724 words)

	Small Business Administration
		Interest rates are negotiated between the borrower and the lender but are subject to SBA maximums, which are pegged to the Prime Rate.
		Variable rate loans may be pegged to either the lowest prime rate or the SBA optional peg rate.
		The optional peg rate is a weighted average of rates the federal government pays for loans with maturities similar to the average SBA loan.
	www.sba.gov /financing/subfiles/7a_interest_rates.html (255 words)

	Mortgage (ARM) Indexes: Prime Rate, ARMs Tied To The Prime Rate (Site not responding. Last check: 2007-10-30)
		The Prime Rate is the interest rate charged by banks for short-term loans to their most creditworthy customers whose credit standing is so high that little risk to the lender is involved.
		Only a small percentage of customers qualify for the prime rate, which tends to be the lowest going interest rate and thus serves as a basis for other, higher risk loans.
		Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis.
	www.mortgage-x.com /general/indexes/prime_rate.asp (375 words)

	FRB: H.15--Selected Interest Rates, Web-Only Daily Update--May 12, 2006
		Prime is one of several base rates used by banks to price short-term business loans.
		The rate reported is that for the Federal Reserve Bank of New York.
		Rates are for a Fixed Rate Payer in return for receiving three month LIBOR, and are based on rates collected at 11:00 a.m.
	www.federalreserve.gov /releases/h15/update (825 words)

	Prime Interest Rate (Site not responding. Last check: 2007-10-30)
		The prime rate is the interest rate banks charge to their most creditworthy customers.
		The prime rate tends to become standard across the banking industry when a major bank moves its prime rate up or down.
		The rate is a key interest rate, since loans to less credit worthy customers are often tied to the prime rate.
	www.compustat.com /support/wi/private_shrd/dataguide/prime.html (108 words)

	What is the cause of the spread between the federal funds rate and the prime lending rate? (03/1999)
		It is these costs that account for, and determine the spread between the fed funds and prime rates.
		The bottom line is that all of these costs must be added on top of the bank's minimum cost of funds, the fed funds rate, to determine how much the bank must charge the business borrower in order to break even on the loan.
		Bottom line: The spread between the fed funds rate and the prime rate is a function of banks' administrative and capital costs of making a business loan.
	www.frbsf.org /education/activities/drecon/1999/9903.html (533 words)

	Home-loan, prime interest rate converge for first time
		When interest rates are rising and high as happened in 2002, the gap between home loans rate and prime rate is quite wide.
		From 1998 to 1999 during the Asian financial crisis, when the prime rate reached 24 per cent, the gap between the prime rate and the home loan rate was 3 per cent, meaning home loan rate was at 21 per cent.
		The decision to equalise the prime rate and home loan rate and pass more benefits to other borrowers should be applauded and serve as an example to other banks.
	www.namibian.com.na /2003/september/marketplace/03F051F0.html (780 words)

	Ask the Expert: Explaining the prime rate - Sep. 9, 2002
		Essentially, the prime lending rate is the rate banks charge on loans to their best corporate customers.
		But the fact that the prime rate doesn't vary too much from bank to bank doesn't really mean all that much when it comes to the interest rate borrowers pay.
		Prime is used as a pricing mechanism, a base from which each bank can set its loan rates after looking at factors such as the demand for loans, the credit quality of the borrower and the banks' desire to add loans to its portfolio.
	money.cnn.com /2002/09/09/pf/expert/ask_expert (870 words)

	Fool.com: Interest Rates 101 [Credit Center]
		The Prime Rate is used by banks to set the benchmark interest rate for their loans.
		A variable rate is tied to a certain index (such as the prime rate, T-Bills, LIBOR, etc.), and, as the name implies, varies depending on what direction the index goes.
		To set the index for their variable rate cards (which they will adjust monthly or quarterly), some issuers determine the average of the prime rate over the past three months.
	www.fool.com /ccc/secrets/secrets03.htm (1358 words)

	Prime Rate / Libor Rate / Current Prime Rate & Today's Libor Rate
		The Prime Rate is defined by The Wall Street Journal as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." Today's current prime is:
		Take advantage of low interest rates and use the equity in your home to pay off high interest rate debt, make home improvements, or even pay college tuition.
		With rates as low as today's market there may be no better time to consider using the equity in your home.
	www.prime-rate.com /prime-rate.html (476 words)

	Online NewsHour: Interest Rate Drop -- September 29, 1998
		It will bring down rates, particularly for consumers, and for investors, what the Fed is doing, it's sending a signal that they're concerned about the signs of a credit crunch, and that they are willing to send into the system the back-up needed really to keep credit flowing.
		Financial markets had priced into them an expectation of a rate cut even somewhat larger than today and had the cut not be forthcoming, I expect that there would have been a backup in rates and a decline in the equity market; that would have been disturbing.
		LYLE GRAMLEY: The prime rate of interest is the rate of interest that banks charge their favorite commercial customers.
	www.pbs.org /newshour/bb/economy/july-dec98/greenspan_9-29.html (2439 words)

	Prime-Rate Dominoes Falling
		The nation's third-largest bank became the first lender to reduce its prime rate from 4.25% in the wake of the Fed's quarter-point cut.
		The conventional wisdom is that a Fed rate cut is good news for the nation's banks because it spurs more consumer borrowing and reduces banks' own borrowing costs.
		A problem arises, however, when rates fall so low that the amount banks can charge their customers in interest is closing in on what they themselves pay for money.
	www.thestreet.com /markets/matthewgoldstein/10096671.html (369 words)

	Prime Rate Mortgage History Index - Interest Rates
		Prime Rates is defined by The Wall Street Journal as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." The current prime interest rate is listed below along with a chart representing a 15 year history of the prime index.
		It changes only when the nation's "largest banks" decide on the need to raise, or lower, their "base rate." These rates may not change for years, but it has also changed several times in a single year.
		The prime rate is the rate that banks give to their best and most credit-worthy customers.
	www.interlakelending.com /Prime_Rates.html (268 words)

	prime rate (Site not responding. Last check: 2007-10-30)
		The prime rate is defined by The Wall Street Journal (WSJ) as "The base rate on corporate loans posted by...
		The Prime Rate is the interest rate charged by banks for short-term loans to...
		The most commonly recognized prime rate index is the Wall Street Journal Prime Rate (WSJ Prime Rate), published in the...
	www.info4banking.com /articles/prime-rate.html (626 words)

	Rate Watch: Track current prime rate, LIBOR rates, MTA, COFI, major interest rate indexes
		If you are interested in receiving a mortgage or CD rate alert from Bankrate when rates in your area reach your specified target, click here.
		If you know the ZIP code of the area in which you wish to research and compare rates, enter it below.
		Mortgage rates fall for fifth time in six weeks
	www.bankrate.com /brm/ratehm.asp (156 words)

	FRB: Federal Reserve Statistical Release H.15 - Historical Data
		The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial Paper Web page (www.federalreserve.gov/releases/cp/).
		Historical series for the rate on adjustment credit as well as the rate on primary credit are available at www.federalreserve.gov/releases/h15/data.htm.
		An average of offering rates on commercial paper placed by several leading dealers for firms whose bond rating is AA or the equivalent.
	www.federalreserve.gov /releases/H15/data.htm (1002 words)

	Kennebunk Savings Bank - Prime Rate Home Equity Line
		Your rate is based on the Prime Rate as published in the Wall Street Journal.
		Prime Rate as of 3/1/2006 is 7.50% Annual Percentage Rate (A.P.R.).
		Your rate changes with Prime and will always be equal to the Prime Rate and will never exceed 18% A.P.R. Maximum loan amount to the value of your property – Loan to Value (L.T.V.) – at this rate – based on first mortgage and this equity line is 80%.
	www.kennebunksavings.com /newloc.html (281 words)

	Mortgage New England : Prime Rate now 6%
		The Fed raising interest rates will have a direct affect on homeowners with Home Equity Lines of Credit (HELOCs), typically known seen as a second mortgage in 2nd lien position behind a Fixed or Adjustable Rate Mortgage (ARM).
		Rates are slightly higher than conventional fixed rate FIRST mortgages, but it gives you the comfort of not having to worry about your rate going up.
		For those of you who are concerned about your second mortgage rate rising, there are two kinds of second mortgages.
	www.mortgagenewengland.com /archives/0505/prime_rate_now_6.php (378 words)

	Desjardins - Prime rate
		Rates are subject to change without prior notice.
		Rates may vary according to your credit rating, the amount borrowed, guarantees offered and other factors.
		These interest rates are recommended by the Fédération des caisses Desjardins du Québec to all its caisses.
	www.desjardins.com /en/taux/interet/financement/preferentiel.jsp (73 words)

	Prime Rate - Rate, Definition & Historical Graph
		The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers).
		Adjustments to the prime lending rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis.
		The rates reported below are based upon the prime rates on the first day of each respective month.
	www.moneycafe.com /library/prime.htm (201 words)

	Prime Rate
		Prime Rate Very Likely To Remain at 8.25% Through...
		In fact, a significant minority in the market are betting that the Fed will lower rates by 50 basis points, which would in turn knock the Prime rate down to 7.75%.
		The forecast for the Prime Rate will be far more meaningful after the release of the August jobs report.
	www.wsjprimerate.us /wsjprimerate/blog.htm (2516 words)

	ARM Indexes: The Prime Rate, 2000s (Site not responding. Last check: 2007-10-30)
		The prime rate is defined by The Wall Street Journal (WSJ) as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." It is not the 'best' rate offered by banks.
		HSH uses the print edition of the WSJ as the official source of the prime rate.
		It changes only when the nation's "largest banks" decide on the need to raise, or lower, their "base rate." The prime rate may not change for years, but it has also changed several times in a single year.
	www.hsh.com /indices/prime00s.html (204 words)

	Property Taxes, Purchase, Prime Rate, PITI Terms
		For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.
		The rate determines your monthly payment; the points are included in your closing costs.
		Changes in the Prime Rate influence changes in other rates, including mortgage interest rates.
	www.inter-lake-lending.com /Glossary_P.html (886 words)

	Peter Boutell: Lending a Hand Fixed rates unaffected as Prime Rate climbs May 7, 2005
		One possible reason for this unusually prolonged reaction to the Fed’s rate increases is that the bond traders have confidence in Alan Greenspan’s ability to keep inflation in check while the economy grows, which is good for long-term mortgage rates.
		Tuesday, the Fed raised the Fed Funds rate for an eighth time in 10 months to 3 percent; prime moved up to 6 percent and 30-year fixed rates were at 5.5 percent.
		Rates for adjustable-rate mortgages have not experienced declines at all in the past year.
	www.santacruzsentinel.com /archive/2005/May/07/biz/stories/03biz.htm (660 words)

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