Prime Rate (Bank Prime Loan)
7.00%
As of Nov 2, 2026 · Updated daily · Federal Reserve H.15
What it is
The base rate posted by a majority of the 25 largest U.S. banks, as reported in the Federal Reserve's H.15 release. It typically sits 3 percentage points above the top of the fed funds target range.
Why it matters for real estate investors
Many construction loans, small-balance commercial loans and business lines of credit are priced off prime, so it changes when the Fed changes rates.
Source: Board of Governors of the Federal Reserve System, H.15 Selected Interest Rates. Data as published; as of Nov 2, 2026.
For information only. Not investment advice.
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