The lender's yield on a mortgage is known as the ________ rate.

The lender's yield on a mortgage is known as the mortgage interest rate. This term specifically refers to the amount of interest that the lender earns on the loan relative to the outstanding balance of the mortgage. It encompasses the cost of borrowing for the borrower and reflects the true cost of the loan over time.

The mortgage interest rate can vary based on market conditions, the creditworthiness of the borrower, and other factors. It is crucial for both lenders and borrowers to understand this rate because it significantly impacts the total repayment amount and the overall affordability of the mortgage.

The other terms, while related, do not specifically capture the concept of the lender's yield in the way that "mortgage interest rate" does. For instance, the term “interest rate” is more general and can refer to different types of loans. “Loan rate” could also apply to various types of financing. Similarly, “mortgage rate” is sometimes used interchangeably with mortgage interest but does not specifically emphasize the yield aspect from the lender's perspective.