Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
The Federal Reserve left its target range for the fed funds rate unchanged at 0 to 0.25 percent on September 17th, 2015, showing concerns that recent global economic and financial developments may restrain economic activity and put further downward pressure on inflation in the near term.971 - 2015. percent. Daily. In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC).