- Here is a chart of the most recent bank prime loan interest rates according to the FHLMC (Federal Home Loan Mortgage Corporation) tracing back nearly 50 years:
Prime Loan Rates Chart
Rate
Rate of interest in money and capital markets
Federal Reserve System
Short-term or money market
Private securities
Bank loans to business
Prime rate
Not seasonally adjusted
Twelve months ending December
-----------------------------------
THE PRIME RATE IS A 7-DAY RATE WITH WEEKENDS AND HOLIDAYS
CONTAINING THE PRIOR BUSINESS DAY'S VALUE. THE DAILY PRIME
IS THEREFORE MORE SUITABLE FOR MANY PURPOSES.
FHLMC by definition is the Federal Home Loan Mortgage Corporation. The Government-chartered corporation which buys qualified mortgage loans from the financial institutions that originate them, securitizes the loans, and distributes the securities through the dealer community. The securities are not backed by the U.S. Government. The market value of these securities prior to maturity is not guaranteed and will fluctuate.
Prime Rate by definition is the Interest charged by financial institutions to top-rate borrowers.
Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term Business loans.
Freddie Mac - stockholder-owned corporation chartered by Congress to increase the supply of money that mortgage lenders can make available to homebuyers and multifamily investors.
Countrywide Financial - provides mortgage banking and diversified financial services in domestic and international markets.
Quicken Loans - compare, pre-qualify, and apply for home loans and mortgages.
Home Loan Sites on the Internet
Fannie Mae
- http://www.fanniemae.com/
Provides financing for the multifamily and single-family housing market throughout the United States.
HealthCare
Finance - CareCredit offers "no interest" financing for medical
procedures from Cosmetic Dentistry to LASIK Surgery.
Unmanned
Aircraft Systems - AeroVironment, Inc. is the largest producer of
small UAS in the world today.
Baby
Bassinets - Find out what characterizes a good baby bassinet in this
FAQ with Arm's Reach.
Israel
Biblical Tours - This travel company has archaeologists and scholars
to guide you through the Holy Land.
Residential
Re-Roofing - "Learn some important facts about re-roofing your home in
this exclusive interview with Jason Vaughan, a 20 year roofing
veteran.
Pet
Stairs - PetStairz talks about foam pet products.
CD
Manufacturing - Music Manufacturing Services provides CD's for the
Music Industry all around the world.
Live
Longer... A Science? - David H. Murdock, Chairman of the Dole Food
Company says it is, and he created the luxurious California Health &
Longevity Institute to prove it.
Counterfeit
Handbags - "The World Customs Organization estimates the trade in
fakes at about 7 percent of world trade."
Carpet
Cleaning Tips - "Always ask about referrals and if they have a list of
what they do to prepare your carpets for cleaning, and what type of system
do they use..." QA with Sunset Carpet Cleaning
Children's
Development Toys - "No matter how good a toy looks, the way it
performs under stress is often very different." Says Brian Gordon of
eBeanStalk.
Shopping for
Purses "Whats happening now at a great speed is manufacturers overseas
will see the latest it bag and then duplicate the bag... Price is
primarily why people would buy a knock-off purse as opposed to the real
thing.." Kitsch Purses Q & A
Workers'
Compensation Info "The huge benefit of the Internet is time and
expense savings. The only other way to get all of this information other
than the Internet is at your local law library." FAQ with
WorkCompCentral
Eating
Disorder Treatment - In this FAQ Monte Nido explains how you can find
the right treatment center online.
Auto
Insurance Quotes In this FAQ GMAC explains why you should shop around,
"Each company is different so you should always check several companies to
find the best rates."
Buying
Tickets Online "That game you want to go to is sold out (Superbowl,
World Series), your favorite artist is coming to town and you want great
seats, these are some of the reasons people buy through an online ticket
service or broker." Chico at Platinum Tickets answers faqs.
Planes
Without Pilots Imagine a 3 1/2 foot remote controlled plane that flies
straight up for miles.
Eating
Disorder Help For those dealing with eating disorders, hope is never
too far behind.
Mass
CD Duplication. All of the sudden record labels began relying heavily
on CD manufacturers for the mass production of their clients' albums.
Corporate
Entertainment Corporate meetings are becoming more common in spas than
conference rooms, with room service cuisine rather than with fast food
from drive-thrus.
