tasa hipotecaria
/tasa ipotekaɾja/from spelling rules
The English phrase "mortgage rate" is translated into Spanish as tasa hipotecaria.
tasa hipotecaria refers to the percentage of interest charged by a lender on a loan used to purchase a home. In many Spanish-speaking countries, people may simply refer to the interés hipotecario when discussing the cost of the mortgage.
What does it mean word for word?
The phrase is composed of tasa (rate) and hipotecaria (mortgage-related).
Which one should you use?
tasa hipotecaria is a common shorthand. If you are in a banking context and want to be more precise, you can use tipo de interés hipotecario to say "mortgage interest rate".
Is it said differently in some regions?
In some Latin American countries, the term tasa de interés hipotecaria is also commonly referred to as tasa de interés de la hipoteca.
How do you pronounce it?
/tasa ipotekaɾja/
Did you know?
- While 'mortgage' in English relates to a 'dead pledge', the Spanish term hipoteca comes from the Greek 'hypotheke', meaning 'a deposit or security'.
- While tasa is used for financial rates, it also means 'fee' or 'charge' for government services in many Spanish-speaking countries. A student might pay a tasa universitaria to enroll in a public university.
- In some legal contexts in Spanish, the term hipoteca refers not to the loan itself, but specifically to the legal right of the lender to seize the property if the loan is not repaid.
Examples in context
- Mi banco me ofreció una tasa de interés hipotecaria muy baja.My bank offered me a very low mortgage rate.
- ¿Sabes cuál es la tasa hipotecaria actual?Do you know what the current mortgage rate is?
- Los intereses de la hipoteca han bajado recientemente.Mortgage rates have recently gone down.
- La tasa hipotecaria ha subido este mes.The mortgage rate has gone up this month.
- Busco una tasa hipotecaria muy baja.I am looking for a very low mortgage rate.
- Debes comparar la tasa hipotecaria de cada banco.You must compare the mortgage rate of each bank.
Example conversation
María and Daniel are discussing their plan to buy a house.
- MaríaDaniel, ¿ya revisaste la tasa hipotecaria hoy?Daniel, did you check the mortgage rate today?
- DanielSí, María, sigue muy alta.Yes, María, it is still very high.
- MaríaEspero que la tasa hipotecaria baje pronto.I hope the mortgage rate drops soon.
- DanielYo también, así podremos comprar la casa.Me too, then we will be able to buy the house.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
