PrimeRateGov.com - Rates, News and More.
Welcome to PrimeRateGov.com where you can view
the current prime rate, popular
interest rates such as the LIBOR index,
currency exchange rates for
the EURO, YEN and more world currencies and major
economic interest rates
such as CPI, PPI, Payroll and more.
The Federal Reserve plays a key role in determining how much it costs to borrow money for a home, car, school, business - almost any type of financing for both consumers and business alike. The US prime interest rate is one of the most important interest rates in the world but its just one of the financial instruments used to help guide financial markets.
During the USA's real estate boom over the past few years it was extremely common to hear people talk about how the "FED" just lowered rates. In fact, very often consumers believed the new interest rate mentioned on TV was now available for home loans however this was never the case.
The Federal Reserve plays a very important role in determining interest rates and help guide the financial markets however the FED does not create the interest rate most consumers think of when the words "prime rate" are mentioned. The Federal Reserve reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth for the country but the current prime rate consumers are familiar with is actually the WSJ prime rate as determined by the Wall Street Journal®.
- Learn more about the Wall Street Journal® and the Prime Rate »
- View Currency Rates such as the Euro and Pound »
- What does CPI, PPI stand for? »
The LIBOR index also plays a key role in consumer loan products such as adjustable rate and interest only home loans however probably the most important relevance of the LIBOR rate is as a cost for banks and financial institutions to lend to each other thus the LIBOR rate is key in providing liquidity and access to affordable capital for financial institutions who offer lending products to consumers. Without this liquidity and affordable capital consumers may very well see higher lending costs.
Learn more about the LIBOR index and view the current LIBOR rate here
