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"prevailing rates" is a correct and usable phrase in written English
It is used to describe the current rate of something, such as a price or rate of interest. For example, "The prevailing rate of inflation in the country is 5%."
Exact(42)
Neither is terrible, given today's prevailing rates, but not great either.
We have been subject to prevailing rates in the same way as any other bank.
The prevailing rates for these arrangements are now much lower than they were at the time of the original deals.
The prevailing rates for a five-year adjustable rate mortgage in the week that ended on Jan.
The 3 percent figure is well below prevailing rates for 30-year mortgages, now hovering between 4.5 and 5 percent.
For example, institutions that have agreed to pay out interest on investments that are higher than prevailing rates — think insurance companies and pension plans — are getting killed.
Similar(18)
Accordingly, Mr. D'Agostino said, if the interest rate being paid on the letter writer's security deposit is less than the prevailing rate for similar deposits in banks in the area, the tenant would probably be entitled to receive whatever the prevailing rate is.
"They get 3.5 percent-plus by putting it into their home," he added, referring to the prevailing rate nationwide on a 30-year fixed-rate loan.
I believe that any ten-year Treasury yield beginning with the number "3″ (the prevailing rate is just under 4%) is too low.
Assess the prevailing rate for babysitting services in your area.
"I negotiated a mortgage at a prevailing rate, a competitive rate.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com