- The interest rate on a mortgage loan. The New York Times Financial Glossary
* * *mortgage rate UK US noun [C] FINANCE► the rate of interest that someone pays to borrow money using a mortgage: »
Britain's biggest home loan lender yesterday raised its standard mortgage rate.
Financial and business terms. 2012.
Look at other dictionaries:
mortgage rate — noun The level of interest charged for a loan on a property • • • Main Entry: ↑mortgage … Useful english dictionary
mortgage rate — The interest rate on a mortgage loan. Bloomberg Financial Dictionary * * * mortgage rate UK US noun [C] FINANCE ► the rate of interest that someone pays to borrow money using a mortgage: »Britain s biggest home loan lender yesterday raised its… … Financial and business terms
Mortgage Rate — The rate of interest charged on a mortgage. Mortgage rates are determined by the lender in most cases, and can be either fixed (stay the same for the term of the mortgage) or variable (fluctuate with a benchmark interest rate). Mortgage rates… … Investment dictionary
mortgage rate — noun the rate of interest charged by a mortgage lender … English new terms dictionary
mortgage rate — Fin the interest rate charged on a mortgage by a lender … The ultimate business dictionary
mortgage rate buydown — A subsidy on the interest rate a homebuyer pays on a loan; often used (usually by developers) as an incentive to encourage homebuyers to purchase a particular home or loan. For example, if the homebuyer s interest rate is 6%, a developer might… … Law dictionary
Mortgage Rate Lock Float Down — A mortgage rate lock with the option to reduce the locked interest rate if market interest rates fall during the lock period. A rate lock with a float down option can provide the borrower with security against an increase during the rate lock… … Investment dictionary
Mortgage Rate Lock — An agreement between a borrower and a lender that allows the borrower to lock in the interest rate on a mortgage over a specified time period at the prevailing market interest rate. The lender may charge a lock fee, which the borrower must pay if … Investment dictionary
Mortgage Rate Lock Deposit — A fee that a lender charges a borrower that allows the borrower to lock in an interest rate for a certain time period with the expectation that the borrower s mortgage will fund within that time period. The longer the lock period, the larger the… … Investment dictionary
Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… … Wikipedia