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

Lennar’s Class A shares are down about 9% this year, heading for their worst performance since 2022’s mortgage rate surge.

From Barron's

With the 30-year mortgage rate averaging over 6%, an intra-family loan with a rate that is at least equal to the Applicable Federal Rate — about 4.55% for a loan that’s more than 9 years in December 2025, according to National Family Mortgage — makes a huge difference.

From MarketWatch

The current 30-year mortgage rate is still 6.2% or thereabouts; that has added thousands of dollars to an average person’s annual mortgage payments.

From MarketWatch

While plenty of them have sub-4% mortgage rates, or no mortgage at all, roughly 20% of borrowers had a mortgage rate higher than 6% as of the end of October, ICE Mortgage Technologies data show.

From Barron's

Some homeowners already are: refinance application volume measured by the Mortgage Bankers Association last week was 88% higher than it was one year prior, when the average 30-year fixed mortgage rate was 0.34 percentage point higher.

From Barron's