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  • federal reserve prime lending rate FAQ


    Yes, but they are cutting it close. I wish they would fire Bernanke. Oh wait, he can't be fired!


    *%&#@k the federal reserve.who the hell are they any way.there not part of the government.kennedy was going to get rid of them.they got rid of him.people of america.we better wake up from this stupor they have us in.if you don't know what your voting


    Firstly, the Fed Funds Rate is the interest rate at which private depository institutions lend balances.
    Secondly, the Discount Rate is an interest rate a central bank charges depository institutions that borrow reserves from it.
    Thirdly,


    Firstly, the Fed Funds Rate is the interest rate at which private depository institutions lend balances.
    Secondly, the Discount Rate is an interest rate a central bank charges depository institutions that borrow reserves from it.
    Thirdly,


    Interesting....
    So let's say the interest rate cut of late (and the one coming soon) begins to work and stabilizes the sub-prime mess.
    We already have low umemployment, which is putting some pressure on inflation, and a number of commodity


    if all you have is the heloc, and no first mortgage, and your interest is over 6% on the heloc, then refince and turn the heloc into an actual mortgage!!

    a 15yr mtg will give you a slightly better interest rate... a 30 yr will give you

    federal reserve prime lending rate news

    What Fed Actions Mean for Your Credit Card

    18.08.11 Nearly every credit card in America has a variable rate. The interest rate on a variable rate credit card is made up of two factors: An index. The index used by most variable rate cards is the prime rate, which is made up of the federal funds rate plus 3%. The federal fund rate has remained at 0% to 0.25% since December 2008. Hence, the prime rate has remained at 3.25% during that entire period. Any increase in the prime rate can lead to a corresponding increase in a card's APR, and that increase can take place immediately. A margin.
    Source: TheStreet.com

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