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What Is the Current Prime Interest Rate & How It’s Calculated for Lending

Debt & Credit Cards

What Is the Current Prime Interest Rate & How It’s Calculated for Lending


Suppose you want to borrow some money for a home improvement project. As you look at the terms for different types of loans, including home equity and 401(k) loans, you notice that some of them list their interest rate as a certain percentage “over prime.” That doesn’t seem very helpful to you. How are you supposed […]

What Is the Current Prime Interest Rate & How It’s Calculated for Lending is a post from Money Crashers.

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