BofA lowers prime-lending rate
Tuesday September 18, 3:10 pm ET
Bank of America Corp. has lowered its prime-lending rate to 7.75 percent from 8.25 percent, effective Tuesday.
The prime rate is a benchmark used to set interest rates on corporate and consumer credit.
One of the 1st banks to do it… humm .. must be a coincidence right RE bears?? no way does this have anything to do with the fed funds rate .. ?? right HLS, Alex_Angel ?
