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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 Mortgage Bankers Association forecast in December that the 30-year fixed mortgage rate would average 6.4% in 2026.

From The Wall Street Journal

Chen’s mortgage rate on his Illinois house is under 3%.

From The Wall Street Journal

The average 30-year mortgage rate fell slightly to 6.21% this week, according to Freddie Mac, which combined with near-record home prices makes the market still unaffordable for many.

From The Wall Street Journal

Lennar’s Class A shares are down about 9% this year, heading for their worst performance since 2022’s mortgage rate surge.

From Barron's

With the 30-year mortgage rate averaging over 6%, an intra-family loan with a rate that is at least equal to the Applicable Federal Rate — about 4.55% for a loan that’s more than 9 years in December 2025, according to National Family Mortgage — makes a huge difference.

From MarketWatch

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