The discount rate, the rate the Federal Reserve charges qualified lenders, What the Fed did today has nothing to do with bailing out banks.

The discount rate is a tool the Federal Reserve uses to influence monetary policy. While it is similar to the federal funds rate-the benchmark "interest rate" often referred to in discussions of Fed rate policy-there are a few key differences.

The Discount Rate is the interest rate the Federal Reserve Banks charge depository institutions on overnight loans.

on Thursday lowered its base rate charged through the overnight discount window by 25 basis points to 2.25%, hours after the U.S. Federal Reserve delivered a rate cut of the same margin.

The "Actual Rate" is known as the Effective Federal Funds Rate, is the interest rate at which depository institutions actually lend balances at the Federal Reserve to other depository institutions overnight. The Actual Rate changes daily but is usually close to the Target Rate or within the range desired by the Federal Reserve.

Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend.

Current Fed Interest Rates refinance mortgage rates 10 year fixed mortgage Rate 10 Year Fixed – Mortgage Rate 10 Year Fixed – We are offering mortgage refinancing service for your home. With our help, you can change term and lower monthly payments. This happens because the second mortgage allows you to keep the interest rate on the existing mortgage rates.The Fed – H.15 – Selected Interest Rates (Daily) – May 29, 2019 – The Federal Reserve Board of Governors in washington dc. footnotes. 1. As of March 1, 2016, the daily effective federal funds rate (EFFR) is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420).Today Fha Interest Rate Rates and program information are deemed reliable but not guaranteed. Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.Austin Mortgage Rates A fixed-rate mortgage comes with an interest rate that won’t change for the life of your loan.A "conventional" (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the federal open market committee (fomc). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks.

BREAKING DOWN ‘Discount Rate’. The seasonal credit rate is available to institutions that experience predictable seasonal fluctuations, such as banks serving agricultural and tourist communities. It is set every 14 days at the average of the daily effective federal funds rate and the three-month CD rate over the previous 14 days, meaning it’s affected by market interest rates.

It’s higher than the fed funds rate. The current discount rate is 2.75%. The secondary credit rate is a higher rate that’s charged to banks that don’t meet the requirements needed to achieve the primary rate. It’s 3.25%. It’s typically a half a point higher than the primary credit rate.