Prime Rate 6.75 for
Prime Rate came in at 6.75 (Percent) for Jul 2026, unchanged from 6.75 the prior month and 10.00% below its level of 7.5 one year ago. The series has averaged 6.5 since 1949, reaching a record high of 20.5 in August 1981 and a record low of 2 in August 1950.
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<iframe src="https://marketxls.com/embed/indicators/prime-rate" width="100%" height="460" frameborder="0" title="Prime Rate chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/prime-rate" rel="nofollow">Prime Rate chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| July 1, 2026 | 6.75 |
| June 1, 2026 | 6.75 |
| May 1, 2026 | 6.75 |
| April 1, 2026 | 6.75 |
| March 1, 2026 | 6.75 |
| February 1, 2026 | 6.75 |
| January 1, 2026 | 6.75 |
| December 1, 2025 | 6.83 |
| November 1, 2025 | 7 |
| October 1, 2025 | 7.23 |
| September 1, 2025 | 7.38 |
| August 1, 2025 | 7.5 |
| July 1, 2025 | 7.5 |
| June 1, 2025 | 7.5 |
| May 1, 2025 | 7.5 |
| April 1, 2025 | 7.5 |
| March 1, 2025 | 7.5 |
| February 1, 2025 | 7.5 |
| January 1, 2025 | 7.5 |
| December 1, 2024 | 7.65 |
⋮ | ⋮ |
|---|---|
| October 1, 1987 | 9.07 |
| September 1, 1987 | 8.7 |
| August 1, 1987 | 8.25 |
| July 1, 1987 | 8.25 |
| June 1, 1987 | 8.25 |
| May 1, 1987 | 8.14 |
| April 1, 1987 | 7.75 |
| March 1, 1987 | 7.5 |
| February 1, 1987 | 7.5 |
| January 1, 1987 | 7.5 |
| December 1, 1986 | 7.5 |
| November 1, 1986 | 7.5 |
| October 1, 1986 | 7.5 |
| September 1, 1986 | 7.5 |
| August 1, 1986 | 7.9 |
| July 1, 1986 | 8.16 |
| June 1, 1986 | 8.5 |
| May 1, 1986 | 8.5 |
| April 1, 1986 | 8.83 |
| March 1, 1986 | 9.1 |
About Prime Rate
What it measures
The bank prime loan rate (FRED series MPRIME) is the base rate that major US commercial banks charge their most creditworthy business customers, reported monthly as an average of the rates posted by a sample of large banks. Since the 1990s the prime rate has moved in lockstep with Fed policy, set by convention at the fed funds target plus three percentage points.
Why it matters
Prime is the reference for a vast amount of consumer and small-business credit: credit cards, home equity lines, and many variable-rate business loans price at prime plus a margin. When the Fed moves, prime follows within days, transmitting policy directly to household and small-firm borrowing costs faster than most other lending rates adjust.
How to read it
The rate is a step function, changing only when the FOMC adjusts its target, so the informative content is in the timing of changes rather than daily variation. Its long history ranges from a low near three and a quarter percent in the zero-rate era to above twenty percent in 1980-81. The fixed three-point spread means prime adds no independent signal about bank risk appetite.
Frequently Asked Questions
What is the current Prime Rate?
Prime Rate is 6.75 (Percent) as of July 2026.
What is the all-time high and low of Prime Rate?
The highest value on record is 20.5 (August 1981) and the lowest is 2 (August 1950).
How often is Prime Rate updated?
Prime Rate is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).
Stats
| Last Value | 6.75 |
| Latest Period | Jul 2026 |
| Last Updated | August 3 2026, 03:16 |
| Value Previous Month | 6.75 |
| Change From Previous Month | 0.00% |
| Value 1 Year Ago | 7.5 |
| Change From Year Ago | -10.00% |
| Average Growth Rate | 1.58%/yr |
| Record High (Aug 1981) | 20.5 |
| Record Low (Aug 1950) | 2 |
| Long-Term Average | 6.5 |
| Frequency | Monthly |
| Adjustment | Not Seasonally Adjusted |
| Unit | Percent |
Annual Averages
| 2026 | 6.75 |
| 2025 | 7.37 |
| 2024 | 8.31 |
| 2023 | 8.19 |
| 2022 | 4.85 |
| 2021 | 3.25 |
| 2020 | 3.54 |
| 2019 | 5.28 |
| 2018 | 4.9 |
| 2017 | 4.1 |
| 2016 | 3.51 |
| 2015 | 3.26 |
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