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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

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But “even with the low mortgage rate, we did not see…any upward lift in March home-sales activity,” said Lawrence Yun, NAR’s chief economist.

From The Wall Street Journal • Apr. 13, 2026

An increase in the mortgage rate from 6% to 6.25% prices out about 1.4 million households from being able to afford a median-priced newly built home, according to the National Association of Home Builders.

From The Wall Street Journal • Apr. 13, 2026

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

From Barron's • Mar. 30, 2026

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

From The Wall Street Journal • Mar. 27, 2026

It might not be buyers’ last chance at a mortgage rate that starts with a 5—but expect plenty of bumps ahead.

From Barron's • Mar. 8, 2026