New york prime interest rate history
A calculator for key currency conversions, with charting and tables for dollar exchange rates, and a continuously updated market summary. Go to Home Page » Site Index The New York Times As you can see here, the Federal Funds rate and the Prime Rate track along with each other very closely.. Short- and mid-term ARMs, such as the 5/1 ARM shown above, are also affected by trends in short-term interest rates. As a lenders' cost of obtaining funds to lend changes, some of those reductions or increases are passed to borrowers in the form of lower (or higher) starting rates.