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

That makes it expensive to buy a home and risky to sell one, if your current mortgage rate happens to be closer to 3 percent.

From New York Times

The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that’s been mostly cold since the Federal Reserve began raising interest rates more than a year ago.

From Seattle Times