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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.

An increase in the mortgage rate from 6% to 6.25% prices out about 1.4 million households from being able to afford a median-priced newly built home, according to the National Association of Home Builders.

From The Wall Street Journal • Apr. 13, 2026

January’s home price data offers a baseline before recent mortgage rate hikes, reflecting a period of optimism and lower rates.

From Barron's • Mar. 30, 2026

The weekly average mortgage rate has hit a three-month high of 6.22%.

From The Wall Street Journal • Mar. 27, 2026

Because Fan and Fred charge less to guarantee mortgages for borrowers with higher scores, using the most favorable credit report could also allow borrowers to obtain a lower mortgage rate.

From The Wall Street Journal • Mar. 24, 2026

Since the end of February, the 30-year mortgage rate has jumped 0.37 percentage point to 6.36%, according to Mortgage News Daily.

From Barron's • Mar. 19, 2026

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