Treasury and reported by the Federal Reserve Board.

Federal Mortgage Prime Rate The interest rate that banks charge to corporations that are considered excellent risks. Anything owned of monetary value including real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, etc. Treasury and reported by the Federal Reserve Board. Monthly values for these indexes are generally available on the first Monday of the following month. Some lenders allow you to convert from a variable interest rate to a fixed rate during the life of the plan, or to convert all or a portion of your line to a fixed-term installment loan. Treasury holds for its Treasury bills, notes and bonds. The resulting figures are released to the public the next day. These indexes have both a weekly and a monthly value.

In addition, you may be subject to certain fees during the plan period, such as annual membership or maintenance fees and a transaction fee every time you draw on the credit line. Interest paid on the original principal balance and on the accrued and unpaid interest.