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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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The 10-year Treasury yield, a barometer for mortgage rate movements, increased roughly 0.11 percentage point between Thursday, May 14 and Wednesday, May 20—roughly the period reflected in Freddie Mac’s weekly average.

From Barron's • May 21, 2026

When Alma and Bryan Canton bought a newly built home in Reno, Nev., earlier this month, the builder gave them a concession that they used to reduce their mortgage rate to 5.7%, Alma Canton said.

From The Wall Street Journal • May 21, 2026

To make the measure more relevant for investors, Kaeppel added the 30-year mortgage rate, currently 6.366%, to bring housing and borrowing costs into the model.

From MarketWatch • May 20, 2026

He locked in a 6.125% mortgage rate and completed the purchase in April.

From The Wall Street Journal • May 11, 2026

Mortgage rates have risen since the first quarter of the year, when weekly readings by Freddie Mac pegged the average 30-year fixed mortgage rate below 6%.

From Barron's • May 5, 2026

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