mortgage rate

noun

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

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Example Sentences

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However, they still have to pay a mortgage rate of well over 5% on average, while a borrower who pays a 40% deposit typically pays a rate of under 5%.

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According to the financial data company Moneyfacts, the average two-year fixed mortgage rate ticked down on Thursday from 5.3% to 5.29%.

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According to the financial data company Moneyfacts, the average two-year fixed mortgage rate today is 5.3%, down from 5.32% on Tuesday.

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And many homeowners coming off fixed deals signed before interest rates started rising in mid-2021 will still find themselves in a higher mortgage rate environment.

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So, if you locked in a super-low mortgage rate a few years ago, trading that for a new, higher-rate loan might not be worth it.

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mortgagee clause mortgagor

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