mortgage rate

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mortgage rate

n
(Banking & Finance) the level of interest charged by building societies and banks on house-purchase loans
Translations

mortgage rate

nHypothekenzinssatz m
References in periodicals archive ?
Under its various stages of quantitative easing, the Federal Reserve has not only been buying bonds, but also mortgage-backed securities in an attempt to keep mortgage rates low and promote a house-prices recovery.
Analysts have predicted that Westpac (ASX: WBC) could be forced to cut its mortgage rates in order to protect its market share from rivals.
"Market concerns over the strength of the economic recovery brought long-term Treasury yields to new lows this week, allowing fixed mortgage rates to reach record levels," said Frank Nothaft, Freddie Mac's chief economist, in a statement.
Total Mortgage, which offers some of the lowest mortgage rates on jumbo loans, FHA-insured mortgages, 30-year fixed-rate mortgages, and adjustable-rate mortgages through its retail and wholesale channels, is licensed in Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Massachusetts, Maryland, Maine, Michigan, Mississippi, New Jersey, New York, New Hampshire, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont and Virginia, West Virginia and the District of Columbia.
In addition to mortgage rates, the mortgage industry is suffering, as recent reports show it cut 2,000 jobs this year.
The simulations of home-buying behavior show cash assistance outstrips the effectiveness of the lower mortgage rates brought about by conforming loans.
Cheltenham & Gloucester this week said it was considering its position before deciding whether to appeal against an ombudsman's ruling over its two-tier mortgage rates.
If lenders pass on the full cut to borrowers they will see their monthly repayments fall to pounds 350.75 from pounds 368.45, and mortgage rates will be at their lowest level for more than 46 years.
''Any further reductions in base rates may not result in lower mortgage rates.''
Demand for fixed-rate loans trebled in November, and will rise further following last week's decision by some lenders to raise mortgage rates from their 30-year low.
BANKING AND CREDIT NEWS-June 24, 2016-Bankrate survey finds mortgage rates rise ahead of Brexit vote

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