PrimeRates provides access to personalized loan offers through our simple and quick pre-qualification application. Once you’re pre-qualified, you can select the best offer for you and finalize the loan application with the lender.
Simple pre-qual application in less than 1 minute.
Choose the offer that best fits your needs.
Finalize your loan offer, get approved, and receive funds in at little as one business day.
The U.S. prime rate is 6.75%, but the Fed does not set it. Here is how banks derive prime from the federal funds rate and what it means for your loans.
The average rate on U.S. interest-bearing debt rose to 3.353% in May, the highest since October 2025, as low-coupon debt refinances into higher market yields.
U.S. employers added 172,000 jobs in May 2026 and unemployment held at 4.3 percent, reinforcing a June Federal Reserve hold and keeping the prime rate at 6.75 percent.
The 10-year Treasury yield climbed toward 4.5% as an oil spike pushed markets to price an 85% chance of a 2026 Fed rate hike, even as the prime rate held at 6.75%.
Private employers added 122,000 jobs in May, ADP reported June 3, a broad-based gain that reinforces the case for the Federal Reserve to hold rates at its June 16-17 meeting and keep prime at 6.75%.
Fed Vice Chair Michelle Bowman defended keeping rate cuts on the table in a May 29 speech, urging the Committee to look past oil-driven inflation before the June 16-17 FOMC.
Whether you’re just starting out with no credit, bad credit, rebuilding credit, have fair credit, or looking for the card that earns better rewards, finding the right card can be a challenge. We’ve partnered with leading card issuers to make it easy to compare credit card rates and benefits all in one place such as Visa and Mastercard. And we do our best to keep our information accurate and up to date.
Comparing rates and fees on loans and credit cards can be frustrating. How can you be sure you’ll get the rate, payments, or terms are shown? PrimeRates is changing that. We’ll help you prequalify with our lender partners, ensuring that the rates you see are the rates you’re more likely to get.