Current prime interest rates fed
What is the current federal funds rate? The FOMC cut the federal funds rate a full percentage point March 15, 2020, in an emergency response to the COVID-19 31 Jul 2019 "There is often a misconception that changes in the federal funds rate affect mortgage rates, this is not the case. Mortgage rates have already The federal funds rate is the rate at which banks borrow money overnight. When the Fed wants to stimulate the economy, it will lower the short-term funds