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.

January’s home price data offers a baseline before recent mortgage rate hikes, reflecting a period of optimism and lower rates.

From Barron's

The father’s response: “We paid $47,000 for our first house in 1982. We had a 16% mortgage rate. We ate noodles for dinner. She wants us to just hand her $200,000 because houses are expensive?”

From MarketWatch

The weekly average mortgage rate has hit a three-month high of 6.22%.

From The Wall Street Journal

The daily average mortgage rate rose as high as 6.55% on Tuesday.

From The Wall Street Journal

Because Fan and Fred charge less to guarantee mortgages for borrowers with higher scores, using the most favorable credit report could also allow borrowers to obtain a lower mortgage rate.

From The Wall Street Journal

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