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 November 5, 2024, the prime rate stands at 7.75%
- Last Month (October 2024): The prime rate was also 8.00%
- One Year Ago (November 2023): Approximately a year ago, the prime rate was 8.50%
Take advantage of the Federal Reserves' aggressive federal funds rate cut. Don’t wait—lock in your rate today! Apply below.