# What was the prime rate in 2008?

## What was the prime rate in 2008?

Historical Prime Rate

Effective Date | Rate |
---|---|

3/18/2008 | 5.25% |

1/30/2008 | 6.00% |

1/22/2008 | 6.50% |

12/11/2007 | 7.25% |

### When did Prime change last?

The prime rate is defined by The Wall Street Journal (WSJ) as “The base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks.” It is not the ‘best’ rate offered by banks….Current and Historical Data.

Date of Change | Prime Rate |
---|---|

16-Mar-17 | 4.00% |

15-Jun-17 | 4.25% |

14-Dec-17 | 4.50% |

22-Mar-18 | 4.75% |

#### What was the prime rate in 2009?

3.25%

In an effort to combat this rapid deterioration, the Fed began slashing its target rate, driving the prime rate down to 3.25% in 2009.

**What was the prime interest rate in 2011?**

Yields in percent per annum

Instruments | 2011 Oct 11 | 2011 Sep |
---|---|---|

3-month | 0.49 | 0.42 |

6-month | 0.68 | 0.59 |

Bank prime loan 2 3 9 | 3.25 | 3.25 |

**What is the current prime rate 2021?**

The current Bank of America, N.A. prime rate is 4.00% (rate effective as of May 5, 2022). The prime rate is set by Bank of America based on various factors, including the bank’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans.

## What will the prime rate be in 2021?

Prime rate changes in 2021 There were no changes to the prime rate in 2021. The Federal Funds Target Rate range remained at 0% – 0.25%.

### What was 2011 prime?

2011. Amazon included Prime Video in Prime subscription. Amazon first introduced an internet video service in 2006 (Amazon Unbox) but added the perk of free access to “unlimited, commercial-free instant streaming of more than 5,000 movies and TV shows” to paying Prime members in February of 2011.

#### What was prime rate in 2021?

**What was the prime interest rate in 2013?**

In 2013, rates went up to 3.98%.

**What was December 2021 prime rate?**

## What is the prime rate for 2022?

4.00%

The current Bank of America, N.A. prime rate is 4.00% (rate effective as of May 5, 2022). The prime rate is set by Bank of America based on various factors, including the bank’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans.

### What caused 1982 inflation?

Both the 1980 and 1981-82 recessions were triggered by tight monetary policy in an effort to fight mounting inflation. During the 1960s and 1970s, economists and policymakers believed that they could lower unemployment through higher inflation, a tradeoff known as the Phillips Curve.

#### What was the lowest 30-year mortgage rate in history?

2.68%

The lowest historical mortgage rates in history for 30-year FRMs were more recent than you might think. December 2020 saw mortgage rates hit 2.68%, according to Freddie Mac, due largely to the effects of COVID-19. The same goes for the lowest average, with an annual rate of 3.11% for 2020.

**Did Amazon Prime change?**

The price of the monthly Prime membership will increase to $14.99/month, and the price of the annual Prime membership will increase to $139/year. For Prime Student members, the price of the monthly membership will increase to $7.49/month, and the price of the annual membership will increase to $69/year.