What Is The Prime Rate Today 2024 Uk. For instance, a homeowner with a $400,000 mortgage could save about $400 a month by refinancing into a loan at today's rate of about 6.3% versus the peak of. Therefore, the benchmark rate in the uk is now 5.00%.

Announced today it has lowered its prime rate from 8.50% to 8.00% effective september. On july 26th, 2023, the fed increased the fed.