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Author Topic: Loan interest rate  (Read 717 times)

Offline ArcherII

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  • Posts: 1935
Loan interest rate
« on: November 18, 2011, 05:57:37 PM »
As it stands now, it is rated at 4.50%. But it has been leveled at that figure for the last 4 years.
Is there a (historical) reason around it or is it just a bug?

Offline JonesyUK

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Re: Loan interest rate
« Reply #1 on: November 19, 2011, 11:17:14 AM »
I think it varies depending on the demand for loans. Can't say for sure though.

Offline swiftus27

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Re: Loan interest rate
« Reply #2 on: November 19, 2011, 10:04:19 PM »
The prime lending rate and overnight funds rate set by the usa govt has been the same for years

Offline ArcherII

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  • Posts: 1935
Re: Loan interest rate
« Reply #3 on: November 19, 2011, 10:06:57 PM »
Ok so it normally happens that way then. I thought that the rates would have more variations over an extended period of time.

 

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