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"Average Prime Offer Rate"
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   Questions from Mortgage Professionals-> Questions about Mortgage LendingMessage format
Posted 4/28/2009 2:43 PM (#1957)
Subject: "Average Prime Offer Rate"
Our banking software tells us that this new rate is released by the Federal Reserve weekly. I have looked at the sites that I am familiar with and have not found anything regarding this new rate. Is it an index that our Bank needs to track because of the new Reg Z rules?
Posted 5/25/2009 5:39 AM (#1960 - in reply to #1957)
Subject: RE: "Average Prime Offer Rate"

The mortgage rates that the Federal Reserve releases are just averages, and can
vary from state to state.

Best of Luck
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