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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.

Because the rate serves as a peg for home loans, it helped pull the 30-year mortgage rate below 6% for the first time since 2022.

From MarketWatch

Find insight on the U.S. housing market, weekly average mortgage rate, Bitcoin and more in the latest Market Talks covering Financial Services.

From The Wall Street Journal

The Google search interest about selling homes comes as the average 30-year mortgage rate decreased to 5.98% this week, down from 6.76% a year ago.

From MarketWatch

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

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