+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: The current Bank of America, prime rate is 8.50% (rate effective as of July 27,2023). (/Thread-The-current-Bank-of-America-prime-rate-is-8-50-rate-effective-as-of-July-27-2023--105326)
The current Bank of America, prime rate is 8.50% (rate effective as of July 27,2023). - theold - 03-10-2023
In the US, most people had already taken loans in 2021/2022 during the Pandemic when the interest rates were low. The lock-in period can be 20-30 years fixed rates.