mortgage rate

noun

1. the level of interest charged by building societies and banks on house-purchase loans

Example Sentences

Brokers say the outlook had changed for lenders given the Bank's latest view on interest rates, prompting the most recent mortgage rate moves.

From BBC

The average two-year fixed mortgage rate is 5.4%, according to financial information company Moneyfacts.

From BBC

On Friday, the average two-year fixed mortgage rate was 5.36%, according to financial information company Moneyfacts.

From BBC

Mortgage customers and house-hunters will hope any mortgage rate increases are small and short-lived.

From BBC

It includes measures to increase bank lending, mortgage rate cuts and lower minimum down payments for second-home buyers.

From BBC