The average, or effective, interest rate in the federal funds market was 1.90% on Thursday, well within the Fed’s current target range of 1.75%-2.00%, data from the New York Federal Reserve released.

United States Fed Funds Rate 1971-2018 | Data | Chart | Calendar. The Federal Reserve kept the target range for the federal funds rate at 1.75 percent to 2 percent during its August 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a strong rate,

Current Mortgage and Refinance Rates;. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees. For home equity lines, the APR is just the interest rate. Interest Rate.

The federal fund rate affects all other rates including short- and long-term interest rates, forex and a host of other downstream effects. In recent years, the Fed has maintained its target.

Fixed 15 Year Mortgage Rates  · View and compare urrent (updated today) 15 year fixed mortgage interest rates, home loan rates and other bank interest rates. Fixed and ARM, FHA, and VA rates.

3 Because of insufficient current data, the published rate is a republication of the prior day’s rate Note starting with the March 1, 2016 rate, the published fields changed. To view historical data fields use the Federal Funds Data Historical Search . a The data source and the calculation methodology changed starting with the March 1, 2016 rate.

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As the Fed’s preferred inflation measure rose last year, the FOMC raised interest rates four times. But price pressures have.

How Interest Rates Are Set: The Fed's New Tools Explained However, the Prime Rate is invariably tied to America’s cardinal, benchmark interest rate: the Federal Funds Target Rate (or Fed Funds Target Rate [FFTR].) The FFTR is set by a committee within the federal reserve system called The Federal Open Market Committee ( FOMC ).