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.

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When mortgage rates or nominal house prices rise, consumer house-buying power declines.

Wage Growth Reduces Sting of Rising Rates on Affordability, According to First American Real House Price Index

In the week ending April 28, 2011, the 30-year mortgage rate was 4.78, according to historical date provided by Freddie Mac.

Freddie Mac: Mortgage rates hit highest mark since 2011

Global Banking News-April 10, 2018--Irish banks face pressure to cut mortgage rates

Irish banks face pressure to cut mortgage rates

The larger jumbo 30-year fixed dipped to 3.57 percent, while the average 15-year fixed mortgage rate moved up to 2.87 percent.

Bankrate reports mortgage rates show little change

Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site, and reflect the most recent changes in the market.

Fixed mortgage rates hit 30-year high

FALLING mortgage rates powered a wave of first-time buyers in November, driving UK house completions to a post-recession record high, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains.

First time buyers at record high

The mortgage rate is not very sensitive to economic conditions, but economic conditions are sensitive to the mortgage rate.

The slowdown in residential investment and future prospects

The average 15-year fixed mortgage rate sank to 3.00 percent, while the jumbo 30-year fixed mortgage retreated to 4.38 percent, both record lows.

-Bankrate.com sees 4th new mortgage rate record

In practice, today's primary mortgage rate is modeled by approximating from other current rates and historical spreads.

Minimize mortgage-rate projection anxiety

A Resona spokesman said the bank would raise its floating-rate mortgage rate to 2.625 percent, starting on Oct.

Tokyo-M'bishi UFJ, Mizuho, Resona to raise floating mortgage rates

Borrowers should read their loan agreements carefully to understand what will spark an increase in their mortgage rate and by how much.

Don't be alarmed if you have an ARM: homeowners with adjustable rate mortgages should carefully reassess their situation before refinancing