Lending Insights: Current interest rate trends

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Now that the Fed has lowered interest rates, financial institutions will want to carefully monitor current loan interest rate trends in their markets to remain competitive as rates drop. Loan pricing software can help banks structure and optimize pricing to ensure the institution is adequately compensated for risk. But it’s often difficult to find factual, comprehensive industry-wide data about interest rates on the new loans being made at banks and credit unions. Lenders often rely on a small sample or on information collected informally or through surveys.

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