Sentences with phrase «prevailing interest rates index»
In the case of Adjustable Rate Mortgages (ARMs), the rate on your mortgage may go up or down depending on the prevailing interest rates index.
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The interest rate on such a loan is tied to an index, commonly Treasury Bill or Cost of Funds Index, and changes with prevailing market rindex, commonly Treasury Bill or Cost of Funds Index, and changes with prevailing market rIndex, and changes with prevailing market rates.
The interest rate reflects the prevailing interest index in the market.