mortgage rate

noun

1. the level of interest charged by building societies and banks on house-purchase loans

Example Sentences

The 30-year fixed mortgage rate fell last week to 6.19%, its lowest level measured by Freddie Mac in over a year, after trending downward this autumn.

Read more on Barron's

The daily average mortgage rate dropped to 6.17% this week, near the lowest level in three years.

Read more on The Wall Street Journal

A homebuyer on a $3,000 budget can afford a $473,750 home at today’s mortgage rate, compared to the $447,750 home they could have bought one year ago, when rates were around 6.85%.

Read more on The Wall Street Journal

In 3Q, when the average mortgage rate was 6.60%, borrowers with stronger lending profiles secured rates as low as 6.25%, while others paid closer to 7.0%.

Read more on The Wall Street Journal

The 30-year mortgage rate moves in tandem with the 10-year Treasury yield.

Read more on MarketWatch