The phrase "a much higher interest" is correct and usable in written English.
It can be used when comparing levels of interest in a particular subject, investment, or topic, indicating that one is significantly greater than another.
Example: "The new project has generated a much higher interest among investors compared to last year's initiative."
Alternatives: "a significantly greater interest" or "a considerably higher interest".
Now, struggling with a much higher interest rate and in foreclosure, she wants to modify the terms of the loan.
So nearly half of applicants may end up with a much higher interest rate, or be rejected for a loan.
The practical effect is that the borrower pays a much higher interest rate than the official, heavily regulated interest rate for loans, usually 7 or 8 percent.
A.I.G. also had to pay a much higher interest rate on its emergency loans (which totaled more than a hundred billion dollars) than other banks did.
For municipalities, that meant they were stuck with contracts that forced them to pay out a much higher interest rate than they were receiving in return.
If a lender does take a second or third lien position, the loan is riskier — and often requires a much higher interest rate.
Among these are subprime loans, which are easier to obtain than prime rate loans but come with an added burden: much higher interest rates.
If today's higher oil prices lead to a recession, a stock market crash or much higher interest rates, as has sometimes happened in the past, then the auto industry and sales of sport utility vehicles will be devastated.
Most students could not pay off the temporary loan within nine months, as required, so financial aid officers then pressured them into "repackaging" the debt into a private loan with much higher interest rates.
(Those are the so-called liar loans) Particularly troubling to her was a series of popular adjustable-rate mortgages — loans with teaser interest rates of, say, 7percentthatat would reset within a year or two at much higher interest rates.
Another option is to park that money in a high-yield checking account where, in exchange for certain restrictions (like mandatory direct deposit and a minimum number of monthly debit card transactions), you can earn much higher interest than in a traditional savings or checking account.
