Home Loan Image

Current Prime Rates


Home Loans: Bank Prime Loan Chart

- 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.

-----------------------------------

Released on 06/14/2004

prime
-----

1956 3.77
1957 4.20
1958 3.83
1959 4.48
1960 4.82
1961 4.50
1962 4.50
1963 4.50
1964 4.50
1965 4.54
1966 5.63
1967 5.63
1968 6.31
1969 7.96
1970 7.91
1971 5.73
1972 5.25
1973 8.03
1974 10.81
1975 7.86
1976 6.84
1977 6.83
1978 9.06
1979 12.67
1980 15.26
1981 18.87
1982 14.85
1983 10.79
1984 12.04
1985 9.93
1986 8.33
1987 8.21
1988 9.32
1989 10.87
1990 10.01
1991 8.46
1992 6.25
1993 6.00
1994 7.15
1995 8.83
1996 8.27
1997 8.44
1998 8.35
1999 8.00
2000 9.23
2001 6.91
2002 4.67
2003 4.12
2004 4.95
2005 6.65
2006 8.02
2007 7.84
2008 5.14
2009 3.25
2010 3.25

SOURCE: FHLMC

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.

Current Interest Rates

Bank Prime Loan Rates

Recommended Home Loan Websites

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.

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