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

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

In addition to paying a higher mortgage rate, at 6.5%, than she paid at her previous house, her property taxes went up around $1,000 after the first year, and a quote on her insurance policy jumped $600.

From The Wall Street Journal

The average 30-year fixed mortgage rate has climbed to 6.8% from 6.1% at the start of the year.

From MarketWatch