Mortgage RatesJanuary 6, 2025What Is the Prime Rate and How Does It Work?Learn what the prime rate is, how it’s determined, and why it matters for borrowers.
Mortgage ProductsAugust 17, 2009Over The Long-Term, Cash-Out Refis Can Be Cheaper Than Lines Of CreditIt doesn't take an elephant's memory to remember that Prime Rate was 8 percent-plus just 2 years ago. A few years before that, Prime Rate neared 10 percent. These are the facts that the banks aren't selling. Instead, banks and credit unions are dangling low "start rates" as bait and looking for homeowners to bite.
