After today’s 0.25% decrease in the target range for the Fed Funds Rate, banks decreased their Prime Rates correspondingly to 7.00% from 7.25%. These changes are effective for most banks tomorrow October 30, 2025.
Prime RateFed Funds RateComparison
In addition to interest rate decreases for commercial loans and credit cards, expect rate decreases in many consumer loans which are based upon the Prime Rate – for instance home equity loans, home equity lines of credit (HELOCs), car loans, and personal loans. All of this leads to lower overall borrowing costs, increased disposable income, and sustained economic growth.
