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1
: a conveyance (see conveyance sense 2a) of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
mortgaged; mortgaging
Example Sentences
Noun He will have to take out a mortgage in order to buy the house. They hope to pay off the mortgage on their home soon. Verb She mortgaged her house in order to buy the restaurant. I've mortgaged all my free time this week to the hospice and won't be able to come to the party.
Recent Examples on the Web
Rick Palacios, Fortune, 9 Sep. 2022 Housing starts and sales, for instance, are already in deep contraction and will continue to decline as mortgage rates remain elevated. Gad Levanon For Cnn Business Perspectives, CNN, 8 Sep. 2022 The higher mortgage rates are already weighing on home prices. Rob Wile, NBC News, 8 Sep. 2022 The Fed is raising rates to combat inflation by slowing the economy through tighter financial conditions—such as higher mortgage rates and bond yields, as well as lower stock prices—which typically curb spending, hiring and investment. Nick Timiraos, WSJ, 7 Sep. 2022 Nationally, home prices could slip about 5% due to an affordability crunch brought on by higher mortgage rates and home prices, Moody's Analytics chief economist Mark Zandi told CBS News. Aimee Picchi, CBS News, 30 Aug. 2022 Zillow economist Nicole Bachaud said mortgage rates ate into the buying power of home shoppers, decreased affordability and led to homes sitting on the market longer. Phillip Molnar, San Diego Union-Tribune, 30 Aug. 2022 But recently, inflation, record-high fuel prices, and high mortgage rates now approaching 6% have also begun driving the slowdown. The Indianapolis Star, 29 Aug. 2022 More recently, higher mortgage rates have put a damper on the number of homes being sold. Mae Anderson, Anchorage Daily News, 28 Aug. 2022 Lucia Cheng, Smithsonian Magazine, 12 Aug. 2022 When this bubble burst in 2007, a global recession ensued and financial institutions lost trillions of dollars to mortgage default, the financial system was saved only by the extraordinary efforts of the Bernanke Federal Reserve. WSJ, 24 May 2022 That comes down to this: Are the Heat in a position to give up three first-round picks, at least two unprotected, and mortgage their draft future? Ira Winderman, Sun Sentinel, 1 July 2022 The first mistake that many marketers often make is, to mortgage their brand and their career to the procurement department. Avi Dan, Forbes, 16 June 2022 In a standard life estate, the remainderman is also considered an owner, and everyone must agree to sell or mortgage the house. Gary Singer, Sun Sentinel, 30 June 2022 The additional interest associated with higher rates is adding hundreds of dollars to mortgage payments. Michele Lerner, Washington Post, 12 May 2022 Germany’s decision to mortgage its energy future (and economy) to Russian oil and gas looks to be a strategic blunder of the first order — achieving neither energy security nor a more climate-friendly outcome. John Hillen, National Review, 26 Mar. 2022 And coach Kyle Shanahan and GM John Lynch didn't mortgage the future to keep youngster Trey Lance, the No. 3 pick of the 2021 draft, on the bench for another year. Nate Davis, USA TODAY, 31 Jan. 2022 See More
Noun
Affordability improved as mortgage rates fell to 4.5% by December 2018. Rick Palacios, Fortune, 9 Sep. 2022 Housing starts and sales, for instance, are already in deep contraction and will continue to decline as mortgage rates remain elevated. Gad Levanon For Cnn Business Perspectives, CNN, 8 Sep. 2022 The higher mortgage rates are already weighing on home prices. Rob Wile, NBC News, 8 Sep. 2022 The Fed is raising rates to combat inflation by slowing the economy through tighter financial conditions—such as higher mortgage rates and bond yields, as well as lower stock prices—which typically curb spending, hiring and investment. Nick Timiraos, WSJ, 7 Sep. 2022 Nationally, home prices could slip about 5% due to an affordability crunch brought on by higher mortgage rates and home prices, Moody's Analytics chief economist Mark Zandi told CBS News. Aimee Picchi, CBS News, 30 Aug. 2022 Zillow economist Nicole Bachaud said mortgage rates ate into the buying power of home shoppers, decreased affordability and led to homes sitting on the market longer. Phillip Molnar, San Diego Union-Tribune, 30 Aug. 2022 But recently, inflation, record-high fuel prices, and high mortgage rates now approaching 6% have also begun driving the slowdown. The Indianapolis Star, 29 Aug. 2022 More recently, higher mortgage rates have put a damper on the number of homes being sold. Mae Anderson, Anchorage Daily News, 28 Aug. 2022 Verb
For decades, Bill Kelley, a local fan who had witnessed her historic 1964 return to Columbus, had tried to garner more attention for her heroic flight, even offering to mortgage his house, to fund a statue in her honor. Lucia Cheng, Smithsonian Magazine, 12 Aug. 2022 When this bubble burst in 2007, a global recession ensued and financial institutions lost trillions of dollars to mortgage default, the financial system was saved only by the extraordinary efforts of the Bernanke Federal Reserve. WSJ, 24 May 2022 That comes down to this: Are the Heat in a position to give up three first-round picks, at least two unprotected, and mortgage their draft future? Ira Winderman, Sun Sentinel, 1 July 2022 The first mistake that many marketers often make is, to mortgage their brand and their career to the procurement department. Avi Dan, Forbes, 16 June 2022 In a standard life estate, the remainderman is also considered an owner, and everyone must agree to sell or mortgage the house. Gary Singer, Sun Sentinel, 30 June 2022 The additional interest associated with higher rates is adding hundreds of dollars to mortgage payments. Michele Lerner, Washington Post, 12 May 2022 Germany’s decision to mortgage its energy future (and economy) to Russian oil and gas looks to be a strategic blunder of the first order — achieving neither energy security nor a more climate-friendly outcome. John Hillen, National Review, 26 Mar. 2022 And coach Kyle Shanahan and GM John Lynch didn't mortgage the future to keep youngster Trey Lance, the No. 3 pick of the 2021 draft, on the bench for another year. Nate Davis, USA TODAY, 31 Jan. 2022 See More Word History
Etymology
Noun and Verb
Middle English morgage, from Anglo-French mortgage, from mort dead (from Latin mortuus) + gage gage — more at murder
First Known Use
Noun
15th century, in the meaning defined at sense 1
Verb
15th century, in the meaning defined at sense 1
Time Traveler
The first known use of mortgage was in the 15th century Phrases Containing mortgage
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