mortgage rate
[MOR-gij reyt]
nounpl: mortgage rates
taxa de hipoteca / taxa de juros hipotecária
1. The interest rate charged by a lender on a mortgage loan, expressed as a percentage of the principal borrowed
The mortgage rate increased to 7% this quarter, making home purchases more expensive.
A taxa de hipoteca aumentou para 7% este trimestre, tornando as compras de casas mais caras.
2. The cost of borrowing money to purchase real estate, typically over a 15, 20, or 30-year period
We locked in a mortgage rate of 3.5% for our new home.
Fixamos uma taxa de hipoteca de 3,5% para nossa nova casa.
Mortgage rates are crucial economic indicators in both the USA and Brazil. In the US, they fluctuate based on Federal Reserve policy and are widely reported in media. In Brazil, mortgage rates (taxa de hipoteca) are typically higher and less accessible for average consumers, with financing often through government programs like 'Caixa Econômica Federal'. The concept of a 30-year fixed mortgage is predominantly American; Brazilian mortgages often have different structures and shorter terms.
NYC Slang
the rate / what's the rate looking like
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