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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 average 30-year fixed mortgage rate fell to 5.99% on Monday, matching levels last seen briefly in January and before early 2023.

From Barron's

Monday’s average 30-year fixed mortgage rate fell to 5.99%, according to Mortgage News Daily.

From Barron's

The 10-year Treasury yield, which is linked to mortgage rate movements, was down 0.058 percentage point to 4.026%, according to Dow Jones Market Data.

From Barron's

Among Monday’s confusion and concern is one positive: The mortgage rate reading was the latest decline in a steady move lower, Mortgage News Daily’s Graham noted.

From Barron's

Mortgage rates since then have fluctuated but remained well below year-ago levels, with Mortgage News Daily registering Wednesday’s average 30-year mortgage rate at 6.05%.

From Barron's

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