Prime Rate
What is Prime Rate?
The Prime Rate is the rate published by the Wall Street Journal that financial institutions charge customers. It impacts interest rates for credit cards, mortgages, HELOCs, loans, and savings accounts.
Current Rate as Published in the Wall Street Journal
- Current Prime Rate: As of December 19, 2024, the prime rate stands at 7.50%
- Last Month: The prime rate was 7.50%
- One Year Ago: Approximately a year ago, the prime rate was 8.50%
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