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The Wall Street Journal Prime Rate (WSJ Prime Rate) is a measure of the U.S. prime rate, defined by The Wall Street Journal (WSJ) as "the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks". It is not the "best" rate offered by banks.
Prior to December 17, 2008, the Wall Street Journal followed a policy of changing its published prime rate when 23 out of 30 of the United States' largest banks changed their prime rates. Recognizing that fewer, larger banks now control most banking assets (that is, it is more concentrated), the Journal now publishes a rate reflecting the base ...
The current prime rate is 5.50%, up from 4.75% in June. ... so most institutions refer to the prime rate published by the Wall Street Journal. To come up with the prime rate figure, the ...
The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on consumer loans moving up or down with the prime rate. The prime rate is tied to the ...
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U.S. prime rate#Wall Street Journal prime rate From a merge : This is a redirect from a page that was merged into another page. This redirect was kept in order to preserve the edit history of this page after its content was merged into the content of the target page.
As of July 17, the Federal Reserve and The Wall Street Journal both report the prime rate to be 8.50%. You’ll note that the prime rate is about 3% higher than the federal funds rate.
A variable-rate mortgage, adjustable-rate mortgage ( ARM ), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [ 1] The loan may be offered at the lender's standard variable rate/ base rate.
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