Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. Facade of a Wells Fargo bank branch in Manhattan.

Equitable Bank's wholly owned subsidiary, Concentra Bank, is also reducing its prime lending rate by 25 basis points to 4.95% from 5.20%. Both rates are effective March 13, 2025. About Equitable Bank ...

Santander Bank announced it has lowered its prime rate from 7.75% to 7.50% effective December 18. Pick the best stocks and maximize your portfolio:Discover top-rated stocks from highly ranked ...

And the prime rate right now is 7.5%. I would say with a good credit profile, you're probably looking at around 8%," says Rose Krieger, senior home loan officer at Churchill Mortgage.

After several cuts in late 2024, the Fed has pressed pause for most of 2025. When will interest rates drop again?

The prime rate: This is the median rate that banks charge customers. If it's higher, HELOC rates may tick up, and if it drops, HELOC rates could respond accordingly.

New economic data releases could increase mortgage rate volatility in the coming weeks, leading up to the Fed's September ...

The prime interest rate, also known as the “U.S. prime rate” or “ Wall Street Journal prime rate,” is determined by individual banks and it helps them decide how much interest to charge ...