What is the definition of Where Are Mortgage Rates Today?

"Where are mortgage rates today?" Let's break this down: Mortgage rates, the unsung heroes of home buying, are the interest rates lenders charge you for borrowing money to buy a house. They're like the stock market, but for your living room couch!

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Now, here's an unsettling example sentence: "The real estate mogul sneered as he announced the mortgage rates today, his voice echoing through the empty apartment, 'I've raised my rates to the point where a squirrel on the couch would be tempted to apply for a mortgage!'"