One of the most exciting benefits
that Rives, Leavell & Co. offers to clients is FIXED
rate financing. The commercial loan market fluctuates often in
conjunction with a number of factors. With a loan from RLC, your rate
will not vary. However, the PRIME RATE at the time your loan is secured
is of strategic importance. As seen in the historical chart, currently
the PRIME RATE is low. Now is a perfect time to lock in your rate by
securing a loan for your church or faith-based organization. With a loan
from RLC, your rate and
payments will not vary.
Current Prime Rate: 3.25 % Updated: 12/31/2011
Average Yearly Prime Rate Source: Federal Reserve Board (Put mouse over chart for yearly data.)
The Prime
Rate is defined by the Federal Reserve Board as the "interest
rate posted by a majority of top 25 (by assets in domestic offices)
insured U.S.-chartered commercial banks." The Prime Rate,
sometimes referred to as the "Bank Prime Rate", "Prime
Lending Rate", "US Prime Rate", "Prime Interest
Rate", "Prime", and "US Prime" is one of several
base rates used by banks to price business loans. The source
for the quoted rates are from the FEDERAL
RESERVE DAILY UPDATE.
While we make every effort to provide the most accurate information
for the current rates, the information shown above should be used only
as a reference and not as a basis for making any financial decision.
Please consult with one of our representatives for more information.
