National mortgage rates Meaning and Definition

Pronunciation

(No pronunciation available)

Part of Speech

Noun

Definition

A general term that refers to the average interest rates offered by mortgage lenders on their loans.

Examples

• The current national mortgage rates are 4.5% for 30-year fixed-rate loans.
• National mortgage rates vary depending on credit score and loan type.

Etymology

The term “national mortgage rates” originated in the late 19th century, when the US government began to publish national average mortgage rates as a way to monitor the health of the mortgage market.

Usage Notes

National mortgage rates are typically used as a benchmark for determining the interest rate on a home loan. It is often used in financial news and analysis to track changes in the mortgage market.

Cultural References

National mortgage rates are often referenced in financial news outlets, such as CNBC and NPR, to provide context for mortgage decisions.

Idiomatic Expressions or Phrases

There are no idiomatic expressions or phrases that specifically include the term “national mortgage rates.”

Related Words or Phrases

Mortgage rates, interest rates, loan rates

Collocations

National mortgage rates often collocate with words such as “average,” “current,” “historical,” and “peak.”

Frequency of Use

National mortgage rates are a frequently used term in financial news and analysis, especially during times of economic uncertainty.

Common Misspellings

Gerberrah, Gerberiah, National Mortage Rates