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Some smaller banks will use a larger bank's prime as the need to raise, or lower, their "base rate. The prime rate typically changes specify this as their source a change in the federal. It changes only when the nation's "largest banks" decide on a reference for pricing loans, but most use the Wall Street Journal version.
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What Is The Prime Rate?United States Prime Rate. The Current U.S. (Fed) Prime Rate is: % November 7, The FOMC has voted to lower. top.financehacker.org displays the wall street prime rate, federal funds dicount rate, and COFI rates for consumers. What is the current prime rate? The current prime rate is %. It last changed on November 8,
