Understanding the prime rate As of December 2024, the prime rate is 7.50%. The prime rate is a benchmark interest rate used to determine the interest charged on loans.

HELOCs and home equity loans offer homeowners an affordable way to borrow money now. Here are the rates for each.

HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, ...

(Reuters) - Truist Financial said on Wednesday that the bank has lowered its prime lending rates by 50 basis points to 8%, effective Thursday, matching the U.S. Federal Reserve's rate cut ...