Todays Mortgage Rate


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Mortgage Definition

–noun
1. a conveyance of an interest in property as security for the repayment of money borrowed.
2. the deed by which such a transaction is effected.
3. the rights conferred by it, or the state of the property conveyed.
–verb (used with object)
4. Law. to convey or place (real property) under a mortgage.
5. to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
From Dictionary

Rate Definition

–noun
1. the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans.
2. a certain quantity or amount of one thing considered in relation to a unit of another thing and used as a standard or measure: at the rate of 60 miles an hour.
3. a fixed charge per unit of quantity: a rate of 10 cents a pound.
4. price; cost: to cut rates on all home furnishings.
5. degree of speed, progress, etc.: to work at a rapid rate.
6. degree or comparative extent of action or procedure: the rate of increase in work output.
7. relative condition or quality; grade, class, or sort.
8. assigned position in any of a series of graded classes; rating.
9. Insurance. the premium charge per unit of insurance.
10. a charge by a common carrier for transportation, sometimes including certain services involved in rendering such transportation.
11. a wage paid on a specified time basis: a salary figured on an hourly rate.
12. a charge or price established in accordance with a scale or standard: hotel rates based on length of stay.
13. Horology. the relative adherence of a timepiece to perfect timekeeping, measured in terms of the amount of time gained or lost within a certain period.
14. Usually, rates. British.
a. a tax on property for some local purpose.
b. any tax assessed and paid to a local government, as any city tax or district tax.
–verb (used with object)
15. to estimate the value or worth of; appraise: to rate a student's class performance.
16. to esteem, consider, or account: He was rated one of the best writers around.
17. to fix at a certain rate, as of charge or payment.
18. to value for purposes of taxation or the like.
19. to make subject to the payment of a certain rate or tax.
20. to place in a certain rank, class, etc., as a ship or a sailor; give a specific rating to.
21. to be considered or treated as worthy of; merit: an event that doesn't even rate a mention in most histories of the period.
22. to arrange for the conveyance of (goods) at a certain rate.
–verb (used without object)
23. to have value, standing, etc.: a performance that didn't rate very high in the competition.
24. to have position in a certain class.
25. to rank very high in estimation: The new teacher really rates with our class.
26. at any rate,
a. in any event; in any case.
b. at least: It was a mediocre film, but at any rate there was one outstanding individual performance.
From Dictionary

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