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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

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mortgage rate

Now, he is staring at a mortgage rate jumping from 2.75% to as much as 7.75% in January.

From The Wall Street Journal ● Oct. 28, 2026

Fannie Mae expects the 30-year mortgage rate to subsequently increase to 7.5% and stay there throughout 2027.

From MarketWatch ● Oct. 14, 2026

The 30-year mortgage rate averaged 7.56% as of Oct.

From MarketWatch ● Oct. 14, 2026

With a mortgage rate near 7.3% and hundreds of dollars a month set aside for property taxes and insurance, that supports a loan of roughly $300,000.

From MarketWatch ● Oct. 14, 2026

One reason is that the 30-year mortgage rate tracks the 10-year Treasury rate.

From The Wall Street Journal ● Oct. 4, 2026

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