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

Given the national average mortgage rate of 6.27%, the remaining payments on the existing mortgage would support a loan of only $251,915.

From The Wall Street Journal

You’re right about one thing: A 3.25% mortgage rate is a gift, given that the rate is still clinging to 6.3% or thereabouts, and how 5% is a “normal” or more acceptable mortgage rate that many economists say would help to lure more buyers back into the housing market.

From MarketWatch

Assuming your investments are at least getting a 7% annual return, they are comfortably outpacing your mortgage rate.

From MarketWatch

That could include mortgage rate subsidies, though similar moves trotted out in cities like Wuhan and Changchun indicate that this would lead to only a limited sales boost at best, they said.

From The Wall Street Journal

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