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

On Friday, with reporters, he raised the possibility of the “portable mortgage”—an idea that would allow homeowners who want to move to take their existing mortgage rate with them.

From The Wall Street Journal

That meant parting ways with that ultralow mortgage rate and taking on a seven-year adjustable-rate mortgage at 6.3% to buy a single-family home set on two acres.

From MarketWatch

Today, more homeowners like Khazai are kissing their 3% mortgage rate goodbye as the housing market enters a new era.

From MarketWatch

Over the last few years, as the average 30-year mortgage rate climbed from a pandemic-era low of about 2.7% to soar past 7% in 2023, millions of homeowners with rates at 3% and under found themselves constrained.

From MarketWatch

Of course, it’s also true that even a drop of less than 1 percentage point in a mortgage rate can mean a monthly payment that’s hundreds of dollars lower.

From MarketWatch