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Prime rate is the term used by financial institutions for the rate of interest given to their customers with great ratings. It is often the lowest of the interest terms, and is the rate which banks use to lend funds to each other.
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What is meant by the terminology fixed mortgage rates?
A fixed mortgage rate is an interest rate that will not change for the term of the mortgage. This is in contrast to a variable mortgage rate which changes frequently based on the prime rate or other benchmark rate.
What is meant with prime rates?
The idea of prime rate is what the thing goes for at the time . Here is a few sites for you to have a look at that can help you with this www.investopedia.com/terms/p/primerate.asp ,www.bankrate.com/rates/interest-rates/prime-rate.aspx
Where can one find out what the prime rate is on any given day?
One can find out what the prime rate is on any given day by going to the Fed Prime Rate website. The website has up to date information on what the prime rate is.
Where can I find what the prime rate is?
You can find what the prime rate is by talking to experts. You could also find out what the prime rate is by talking to friends and family to see if they know anything.
What is the prime interest rate and how does the average bank customer fare in regard to the prime interest rate?
The prime rate is the rate that a bank charges its most creditworthy customers. The average customer can expect to pay one or two percent (or more) above prime.
How would I find the prime rate?
To find the prime rate by going to the Wall Street Journal's website. Its website publishes the most recent prime rate. The Wall Street Journal also predicts the rate.
What is Difference between Base Rate and prime rate?
The prime rate is the rate at which the central bank lends to the commercial banks whiles the base rate is the rate at which the commercial banks lend to the public
What is meant with prime lending rate in finances?
This is very important when it comes to credit cards or loans. These rates are set by the bank and if you notice a spike in these prime rates then you may soon after see an increase on your credit card rates as well.
What is the symbol for Voya Prime Rate Trust in the NYSE?
The symbol for Voya Prime Rate Trust in the NYSE is: PPR.
What is meant by discount rate?
cheaper than standard rate :)
How do you calculate prime lending rate?
Prime lending rate can be calculated by adding 300 basis points to the Federal Funds Rate, assuming you live in the U.S.
If the cpi rises what happens to prime rate?
If the CPI or Consumer Price Index rises the prime rate will stay the same, but may be adjusted to reflect the state of the economy. An instant rise in the CPI does not equate to an instant rise or decrease in the prime rate. The prime rate is adjusted after several economic factors are reviewed.
