Cash The Checks

The Current Wall Street Journal Prime Rate is: 8.25%. You can always check the current status of the prime rate at http://www.wsjprimerate.us/

Now for a little background on Prime Rates.

Why is the prime rate important to me?
Well, if the U.S. Prime Rate has changed, and if you have a loan with an adjustable interest rate, your primate rate will also change, meaning your payments will change. This is especially important if you got an adjustable rate mortgage or if you own any variable rate credit cards.

How is the prime rate calculated?
The Wall Street Journal Prime Rate is determined by polling 30 large US banks. When 23 of the 30 have changed their “prime lending rate”, as it’s called, the WSJ updates their published prime rate

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