The phrase "prevailing interest rate" is correct and usable in written English.
It is typically used in financial contexts to refer to the current rate of interest that is most commonly offered or accepted in the market.
Example: "The bank adjusted its loan offerings to align with the prevailing interest rate to remain competitive."
Alternatives: "current interest rate" or "market interest rate."
In other words, no matter how much lower the prevailing interest rate is than the interest rate on the mortgage, the yield maintenance penalty provision assures the lender of being paid every penny it would have earned for the entire term of the mortgage, even if the mortgage were paid off ahead of time.
Security deposits are a necessary part of renting, but many renters don't realize that their security deposit should be put in an interest-bearing account, and the landlord should tell you where it's being held and what the prevailing interest rate is.
This may be due to prevailing interest rate regulations where, within an interest cap, banks charge more on higher credit limits.
Hence, the amount of investment that they will want to undertake at the prevailing interest rate declines.
He quoted the prevailing interest rate on fixed-rate first mortgage loans as 7 to 7.25 percent, while mezzanine loans are earning 10 to 15percentt.
The maximum amount of cash you can withdraw still largely depends on the age of the youngest borrower, your home value and the prevailing interest rate.
Generally, the value of the bond funds rises when prevailing interest rates fall and falls when interest rates rise.
As prevailing interest rates remained low over the last several years, the appetite for these securities only rose.
That should allow them to offer better deals while preserving their margins, whatever the prevailing interest rates.
Many of the loans have rates that fluctuate, so costs for those borrowers will go up when prevailing interest rates rise.
This portfolio assures investors of a base annual return of 3percentt, with the possibility of more depending on prevailing interest rates.
