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mortgage rate

British  

noun

  1. 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

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With the benchmark 10-year Treasury under 4%—which has pulled the 30-year fixed mortgage rate under 6% for the first time since 2022—that leaves little real return, with the personal consumption deflator, the Federal Reserve’s main inflation gauge, running at a 2.9% year-over-year rate.

From Barron's

Freddie Mac reported the average 30-year fixed mortgage rate at 5.98% this past week.

From Barron's

Home Construction exchange-traded fund was down 0.4% shortly after the mortgage rate reading was released.

From Barron's

The average 30-year mortgage rate hit 5.98% as of Feb. 26, according to Freddie Mac, down from 6.01% the prior week.

From MarketWatch

The average 30-year fixed mortgage rate was 6.6% in 2025, down from 6.72% in 2024, and price growth lost steam.

From The Wall Street Journal