mortgage rate

British  

noun

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

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Example Sentences

One was their low mortgage rate.

From MarketWatch

Many of these homeowners likely have an ultralow mortgage rate, which they may not be willing to give up on top of a lower price for the house.

From MarketWatch

If you purchased a $400,000 house with a 6.3% mortgage rate and put 20% down — or more to reduce your monthly payments and interest paid over the life of the mortgage — you would have a $320,000 mortgage that would cost you around $1,900 a month, just shy of your current rent.

From MarketWatch

"To see Metro Bank reducing their rates by a fair chunk demonstrates the feelings of lenders at the moment. The mortgage rate price war rages on," Gary Bush, adviser at MortgageShop.com told the Newspage service.

From BBC

"They couldn't get a credit card, they got the worst mortgage rate on the market, and then my father had to retrain as a security guard doing night shifts," he said.

From BBC