What is the rate an individual will pay for borrowing to purchase a new home called?

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The rate an individual will pay for borrowing to purchase a new home is called a mortgage rate. Option A, prime, refers to the interest rate that banks offer to their most creditworthy customers. Option B, discount, refers to a reduction in the price of an item or service. Options D and E, Treasury bond and corporate bond respectively, refer to different types of bonds and are not relevant to this question.

What Is the Rate an Individual Will Pay for Borrowing