Prime Rate Mortgage History
Prime Rate is defined by The Wall Street Journal as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest
banks." The current prime rate is listed below along with a chart representing a 15 year history of the prime index. Please note that
this information should only be used for informational purposes and not as a basis for making any financial decision.
The Prime Rate is used by many lenders as a base rate for home equity loans?
|
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006
| 2007
| 2008
| 2010
|
| January |
8.25% |
8.50% |
7.75% |
8.50% |
9.50% |
4.75% |
4.25% |
4.00 |
5.25% |
7.25% |
8.25% |
6.50% |
3.25% |
| February |
8.25% |
8.50% |
7.75% |
8.50% |
8.50% |
4.75% |
4.25% |
4.00% |
5.25% |
7.50% |
8.25% |
6.00% |
3.25% |
| March |
8.25% |
8.50% |
7.75% |
8.75% |
8.50% |
4.75% |
4.25% |
4.00% |
5.50% |
7.75% |
8.25% |
5.25% |
3.25% |
| April |
8.50% |
8.50% |
7.75% |
9.00% |
8.00% |
4.75% |
4.25% |
4.00% |
5.75% |
7.75% |
8.25% |
5.25% |
3.25% |
| May |
8.50% |
8.50% |
7.75% |
9.00% |
7.50% |
4.75% |
4.25% |
4.00% |
6.00% |
7.75% |
8.25% |
5.00% |
3.25% |
| June |
8.50% |
8.50% |
7.75% |
9.50% |
7.00% |
4.75% |
4.25% |
4.00% |
6.00% |
8.00% |
8.25% |
5.00% |
3.25% |
| July |
8.50% |
8.50% |
8.00% |
9.50% |
6.75% |
4.75% |
4.00% |
4.25% |
6.25% |
8.25% |
8.25% |
5.00% |
3.25% |
| August |
8.50% |
8.50% |
8.00% |
9.50% |
6.75% |
4.75% |
4.00% |
4.25% |
6.50% |
8.25% |
8.25% |
5.00% |
| September |
8.50% |
8.50% |
8.25% |
9.50% |
6.50% |
4.75% |
4.00% |
4.50% |
6.75% |
8.25% |
7.75% |
5.00% |
| October |
8.50% |
8.25% |
8.25% |
9.50% |
6.00% |
4.75% |
4.00% |
4.75% |
7.00% |
8.25% |
7.50% |
4.50% |
| November |
8.50% |
8.00% |
8.25% |
9.50% |
5.50% |
4.75% |
4.00% |
4.75% |
7.25% |
8.25% |
7.50% |
4.00% |
| December |
8.50% |
7.75% |
8.50% |
9.50% |
5.00% |
4.25% |
4.00% |
5.00% |
7.25% |
8.25% |
7.25% |
3.25% |
| 
