# Prime rate sentence example

prime rate

- The variable interest rate is calculated based on adding 3 percent to the Prime Rate.
- This rate can change as the U.S. prime rate changes.
- It has a variable rate that is based on the Wall Street Journal Prime rate.
- Ink Cash MasterCard Business Card: This card features cash back rewards, no annual fee, and a relatively low interest rate that fluctuates along with the Prime Rate.
- These variable rates fluctuate with the Prime Rate.Advertisement
- The interest rate is the prime rate plus 6.5 percent variable.
- Most equity line rates are variable and tied to the Prime rate.
- Some lenders tie their interest rates closely to an index such as the Prime Rate or the Libor plus a predetermined margin, but the choice is ultimately up to the lender to decide what interest rate to charge.
- Not everyone can qualify for a prime-rate mortgage, but do your homework.
- Lenders commonly offer ARMs that are either attached to the Prime Rate or the LIBOR.Advertisement
- The LIBOR and the Prime Rate are often similar, but there is usually a difference between the two.
- Bloomberg offers a listing of common mortgages indexes including the Prime Rate and LIBOR.
- The history of the Prime Rate is listed from over a decade ago up to present day.
- These lenders base their interest rates on one or more indexes, most commonly the U.S. Prime Rate or the LIBOR rate.
- For example, if a lender sets mortgage interest rates based on the Prime Rate plus two, this means that the mortgage interest rate is whatever the Prime Rate is plus a two percent interest rate.Advertisement
- The 1-month and 3-month Libor rates are shown in the same chart as the Prime Rate and the Federal Reserve Target Rate.
- The Prime Rate and the Federal Reserve Target rates are also shown for the same period.
- Since it is closely tied with U.S. rates, some use it as a predictor of where the Prime Rate is going.
- The LIBOR rate is typically lower than the Prime rate.
- Some lenders offer mortgages based on a different rate index, such as the U.S. Prime Rate or some other index.Advertisement
- An adjustable rate mortgage is tied to an index such as the Prime Rate or the LIBOR.
- The rate varies monthly, based on the prime rate set by the federal government.
- Fixed or variable rates are negotiated between the borrower and the lender subject to SBA maximums, pegged to the prime rate.
- Variable rates can be pegged to either the lowest prime rate or the SBA optional peg rate, a weighted average of rates the fed pays for, calculated quarterly and published in the "Federal Register."
- Lentell notes that interest rates on SBA loans are negotiated by the borrower and the lender, but typically cannot exceed 2.75 percent above the Wall Street Journal prime rate.Advertisement
- Banks set the prime rate at three percentage points above the Federal Rate.