Financing Solutions
At Providence Real Estate Advisors, we offer comprehensive financing solutions tailored to meet the unique needs of our clients. Our extensive network of lenders and deep industry expertise allow us to secure optimal financing terms for a wide range of property types.
Key Rates - Detailed Information
About Key Rates
Key rates are essential benchmarks in the financial world that influence various aspects of the economy, including lending rates, investment returns, and overall economic activity. This page provides detailed information on some of the most important key rates, their current values, and their significance.
| Rate | Current Value | Previous Value | Change |
|---|---|---|---|
| SOFR 30-Day Average | 5.350% | 5.345% | +0.005% |
| SOFR 30-Day Term | 5.347% | 5.340% | +0.007% |
| U.S. Prime Rate | 8.5% | 8.5% | 0.000% |
| Fed Funds Target Rate | 5.5% | 5.5% | 0.000% |
SOFR (Secured Overnight Financing Rate)
SOFR is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities. It's becoming an important benchmark rate, especially as a replacement for LIBOR.
U.S. Prime Rate
The U.S. Prime Rate is the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks. It's often used as a reference rate for many types of loans, including credit cards and small business loans.
Fed Funds Target Rate
This is the interest rate target set by the Federal Open Market Committee (FOMC) for overnight lending between banks. It's a key tool used by the Federal Reserve to implement monetary policy and influence overall economic conditions.