Interest Rate Data: Best Interest Rate Datasets & Databases
What is Interest Rate Data?
An interest rate is amount that a lender charges for the use of assets that is usually expressed as a percentage of the principal amount that is borrowed. Interest rates are advanced by financial institutions and they are usually calculated on an annual basis referred to as annual percentage rate (APR). As such, interest rate data refers to information about the interest rate on borrowed assets that range from cash, consumer goods, or large-scale assets such as vehicles or buildings.
Examples of Interest Rate Data include the current prime rate, mortgage rates, and the federal funds rate. Interest Rate Data is used by financial institutions, economists, and investors to analyze market trends, make informed decisions, and assess the cost of borrowing. In this page, you’ll find the best data sources for interest rate data, including interest rate APIs.