What is the Prime Rate?

no responses
0
Glossaryheaderadvert

Prime rates are managed by government bodies and financial institutions often base their mortgage rates, in part or fully, on this rate. Fluctuations are often reported in the news as they affect numerous industries, not just mortgage loans. If you have an adjustable or variable mortgage, than your payments can increase from time to time based on the prime rate.

  • Categories

  • Property Search
  • Trending Posts