Definition of mortgage rate in English:

mortgage rate

Syllabification: mort·gage rate


  • The rate of interest charged by a mortgage lender.
    More example sentences
    • Abbey National, the UK's second-largest mortgage lender, gets the wooden spoon, being the only major mortgage lender with a mortgage rate over 6% during 2002.
    • Yet the building societies' cartel set its mortgage rate below prevailing interest rates.
    • The mortgage rate changes every time interest rates change or, as in most cases, the overall effect of any interest rate changes is calculated once a year and payments are altered accordingly.

More definitions of mortgage rate

Definition of mortgage rate in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
grotesque quality or grotesque things collectively