Blended Rate

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January 1, 1 6 min read Definitions

Blended Rate Refinanced Loan Interest Rate Mortgage Refinancing Homebuying Loan Assumption Real Estate Financing Mortgage Rate

A blended rate is an interest rate applied to a refinanced loan that is higher than the rate on the old loan but lower than the rate offered on new loans. It is generally offered by the lender to induce homebuyers to refinance existing low-interest rate loans as an alternative to assuming the existing loan.