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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

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The last time the 30-year mortgage rate topped 7% was in January 2025, according to Freddie Mac data.

From MarketWatch Jul. 23, 2026

However, for most people, paying a 6.6% mortgage rate is less costly than incurring the substantial taxes associated with a $500,000 lump-sum IRA withdrawal.

From MarketWatch Jul. 20, 2026

He and his wife had been living in a one-bedroom Washington apartment with a mortgage rate below 3% from 2021.

From The Wall Street Journal Jul. 10, 2026

The median price of an existing US home reached a record $440,600 in June, while the average 30-year mortgage rate stood at 6.49 percent.

From Barron's Jul. 10, 2026

The 30-year fixed mortgage rate averaged 6.49% this week, remaining well below its 2023 peak of nearly 8%.

From The Wall Street Journal Jul. 10, 2026

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