What if the prime rate drops after receiving term sheet?

April 16, 2025
by a searcher from University of Texas at Austin in Austin, TX, USA
I have received a term sheet from a lender based on the prime rate.
What happens if the prime changes between now and closing?
Will most lenders be willing to adjust their interest rate?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from INSEAD in New York, New York, USA