WSJ Prime Rate Index
The prime rate is defined by The Wall Street Journal as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks. When three-quarters of them (23) change, the Journal changes its rate, effective on the day the Journal publishes it.
WSJ Prime Rate is a common benchmark for consumer and business loans set by banks, usually at a level 3 percentage points higher than the Fed funds rate. The prime rate will move up or down in lock step with changes by the Federal Reserve Board.
Current WSJ prime rate is cited in the rate box on the right. >>
Many home-equity loans and lines of credit are tied to the prime rate as published in the Wall Street Journal.
Are you curious as to what your prime-based mortgage rate and closing costs might be if you were to refinance or purchase a new home right now? You can run your numbers and get instant on-line estimates here: www.top-lenders.com. No contact information is required.
any home-equity loans and lines of credit are tied to the prime rate as published in the Wall Street Journal. Curious what your prime-based mortgage rate and closing costs would be if you refinance or purchase home now? Run your loan numbers here. No contact info required.
Find more about WSJ indexed mortgages >>