The current Bank of America, prime rate is 8.50% (rate effective as of July 27,2023). - Printable Version
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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.