25 Year Mortgage Refinance Rates Low Rate Mortgage Loan What Prime Rate Today Prime Rate: Today’s Rate, the Historical Rate, & Fed Funds. – Today’s Prime Rate. The prime rate today is 3.25%. This prime rate has been in effect since the fed funds rate was lowered to 0%-0.25% back in December of 2008. So, 0.25% + 3% = 3.25% (today’s prime rate). This is the longest period of prime rate stability in history.A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.