Prime Rate Drops To 5.00%

After today’s .25% rate decrease in the target range for the Fed Funds Rate, banks adjusted their Prime Rates with a corresponding decrease from 5.25% to 5.00%. These changes are effective for most banks tomorrow, September 19, 2019.

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, car loans, and personal loans.

Mortgage Rates Close to 3 Year Lows

Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.

(dynamic chart with current info)

Today’s Mortgage Rates & Lenders Today’s Bond Rates

Mortgage Rates Continue Downward Move

Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.

(dynamic chart with current info)

Today’s Mortgage Rates & Lenders Today’s Bond Rates