Bank rate

Over 2200 Glossary Terms

Bank rate

The bank rate is the interest rate that a central bank (e.g., the Federal Reserve) charges to lend money to its member banks. Changes to the bank rate affect the national money supply by encouraging or discouraging borrowing.

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National Rates

Loan Type Today
30 yr fixed 4.83
15 yr fixed 4.39
5/1 ARM 3.69

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