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mortgage rate

British

noun

the level of interest charged by building societies and banks on house-purchase loans

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The former would come with an interest rate of more than 6%, which is broadly in line with the 30-year mortgage rate; the latter would come with an interest rate above 10%.

From MarketWatch

As of 21 January, the average two-year fixed residential mortgage rate was 4.77%, according to financial information company Moneyfacts.

From BBC

Rising 10-year Treasury yields, influenced by Japanese bond yields and trade war concerns, contributed to the mortgage- rate increase.

From Barron's

The average 30-year fixed mortgage rate on Tuesday was 6.21%, according to a survey of lenders published at midday by Mortgage News Daily.

From Barron's

The average 30-year fixed mortgage rate increased by 0.14 percentage point to 6.21% on Tuesday, the highest since Jan. 8.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023