Prime rate history
A look back at MERIX’s prime rate.
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Effective September 18, 2025 MERIX Prime Rate is 4.70%
When our Prime rate changes, you’ll receive a letter letting you know what the new prime rate is and its effective date. To see how the prime rate change may impact your mortgage payments, visit MyMERIX.
Rate change FAQs
Don’t let a rate change raise your heart rate. We’ve got answers to some of the common questions homeowners have when it comes to rate changes.
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If you have an adjustable rate mortgage, changes to the MERIX Prime Rate may affect your payments. If the rate changes during your payment cycle, your payment amount won’t change right away — it’ll update on your next payment date. In the meantime, how much goes toward interest and principal will adjust based on the new rate.
Nope, with a fixed rate, your payments are set for the entire mortgage term.
Whether you switch from an adjustable rate to a fixed rate comes down to what you’re comfortable with and your financial
goals. The great thing about having an adjustable rate mortgage with MERIX is that you have the option to switch to a fixed rate at any time. Contact us if you’d like to discuss your options.
Historical Prime Rate %
| Date of Change | MERIX Financial Prime Rate |
|---|---|
| March 13, 2025 | 4.95 |
| January 30, 2025 | 5.20 |
| December 12, 2024 | 5.45 |
| October 24, 2024 | 5.95 |
| September 5, 2024 | 6.45 |
| July 25, 2024 | 6.70 |
| June 6, 2024 | 6.95 |
| July 13, 2023 | 7.20 |
| June 8, 2023 | 6.95 |
| January 26, 2023 | 6.70 |
| December 8, 2022 | 6.45 |
| October 27, 2022 | 5.95 |
| September 8, 2022 | 5.45 |
| July 14, 2022 | 4.70 |
| June 2, 2022 | 3.70 |
| April 14, 2022 | 3.20 |
| March 3, 2022 | 2.70 |
| April 2, 2020 | 2.45 |
| April 1, 2020 | 2.95 |
| March 6, 2020 | 3.45 |
2015-2019
| Date of Change | MERIX Financial Prime Rate |
|---|---|
| October 25, 2018 | 3.95 |
| July 12, 2018 | 3.70 |
| January 18, 2018 | 3.45 |
| September 7, 2017 | 3.20 |
| July 13, 2017 | 2.95 |
| July 17, 2015 | 2.70 |
| January 29, 2015 | 2.85 |
