Mortgage rate

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Mortgage rate

Mortgage Rate

The interest rate on a loan used to buy real estate. Some mortgages have fixed mortgage rates, meaning that it remains constant over the life of the mortgage, while adjustable-rate mortgages have variable mortgage rates, meaning that interest rates change according to prevailing interest rates, at least within certain limits. The mortgage rate, along with the amount of the loan and the time until it comes due, helps determine one's monthly payment. See also: Mortgage-backed security.
References in periodicals archive ?
At the current average 30-year fixed mortgage rate of 4.
The panelists are divided this week, with half predicting mortgage rates to rise in the coming week and 42 percent expecting mortgage rates to remain more or less unchanged.
Put together, the conditions were ripe for bond yields and mortgage rates to retreat.
That rate was the lowest since the mortgage giant began tracking 30-year mortgage rates in 1971.
As a result, mortgage rates, particularly adjustable loans, soared to their highest levels in nearly a decade.
Despite mortgage rates remaining higher than this time last year, there's more interest in the new and existing home market.
Adjustable mortgage rates remained steady, with the 5-year ARM holding at 3.
As the century ended, economic euphoria continued and the result was higher mortgage rates for New York luxury co-ops and condominiums in December.
Lowes Mortgage is committed to offering California Mortgage rates online and has plans to widely distribute their website for everyone in need of a California home loan.
24, 2015 /PRNewswire/ -- Mortgage rates moved lower this week, with the benchmark 30-year fixed mortgage retreating to 4.
Last week's rate was the lowest since the mortgage giant began tracking 30-year mortgage rates in 1971.
If you had gotten to the party early and took advantage of commercial mortgage rates in the low 7 percent range, then you were fortunate.

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