Dictionary.com
Thesaurus.com

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

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.

One was their low mortgage rate.

From MarketWatch

Many of these homeowners likely have an ultralow mortgage rate, which they may not be willing to give up on top of a lower price for the house.

From MarketWatch

If you purchased a $400,000 house with a 6.3% mortgage rate and put 20% down — or more to reduce your monthly payments and interest paid over the life of the mortgage — you would have a $320,000 mortgage that would cost you around $1,900 a month, just shy of your current rent.

From MarketWatch

Moving this year wasn’t an option thanks to the still-competitive home prices and the latest mortgage rate hike.

From Seattle Times

Those fees, which are a percentage of the loan amount, are often layered on top of a borrower’s base mortgage rate; and the higher your credit score, the less you generally pay.

From New York Times