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

With a 3% mortgage rate and a healthy bank account and income at 71, it does not make sense to withdraw a large amount of money to pay off the remainder of your $300,000 mortgage, especially given the amount you would have to take out before taxes.

From MarketWatch

In August last year, the average two-year fixed mortgage rate dipped below 5% for the first time since former Prime Minister Liz Truss's mini-budget in September 2022.

From BBC

On Friday, it was enough to pull the 30-year mortgage rate below the psychologically important 6% level.

From MarketWatch

On Friday, with reporters, he raised the possibility of the “portable mortgage”—an idea that would allow homeowners who want to move to take their existing mortgage rate with them.

From The Wall Street Journal

That meant parting ways with that ultralow mortgage rate and taking on a seven-year adjustable-rate mortgage at 6.3% to buy a single-family home set on two acres.

From MarketWatch