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mortgage rate

British  

noun

  1. 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

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The average fixed 30-year mortgage rate in the U.S. was 7.52%, hovering around three-year highs, according to Bankrate.

From The Wall Street Journal ● Oct. 7, 2026

Beitler said she recently quoted someone a mortgage rate on a Monday, and by the time they went under contract on a Thursday, the rate had increased over half a percentage point.

From The Wall Street Journal ● Oct. 1, 2026

The average 30-year fixed mortgage rate rose to 7.28%, adding pressure on home buyers and homebuilder stocks.

From Barron's ● Oct. 1, 2026

I do know that you have something more valuable than a low mortgage rate: the ability to use your equity to make your home safer and life easier.

From MarketWatch ● Sep. 29, 2026

Nearly 70% of U.S. households cannot afford a new home at a 7% mortgage rate and a median price of $413,595, Na Zhao, a principal economist at the National Association of Home Builders, told MarketWatch.

From MarketWatch ● Sep. 24, 2026

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