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

Pulte told Barron’s on Monday that “we are actively evaluating 30 to 50 different ideas” for the housing market, including a so-called portable mortgage, where homeowners would be able to take their low mortgage rate with them when they move, as well as a 50-year mortgage.

From Barron's

Pulte told Barron’s on Monday that “we are actively evaluating 30 to 50 different ideas” for the housing market, including a so-called portable mortgage, where homeowners would be able to take their low mortgage rate with them when they move, as well as a 50-year mortgage.

From Barron's

There’s been another notable shift in real estate: The share of homeowners with a mortgage rate over 6% has now surpassed the share of homeowners with a sub-3% rate.

From MarketWatch

In contrast to pandemic-era mortgage rates that dipped below 3%, the average 30-year mortgage rate stayed over 6% for most of the past year, adding hundreds of dollars per month in interest costs to monthly payments.

From MarketWatch

In Centralia, Mo., Holly Bellis sold her $185,000 home, which she purchased in 2020 with a mortgage rate of 2.5%, and bought a newly built property for $375,000 at a rate of 5.375%.

From MarketWatch