An interest rate that is determined by the average of a low-interest rate and a high-interest rate that is often used with a wraparound mortgage.

Definition A rate offered by a lender, somewhere between a previous rate and a new loan rate.

A blended rate is the weighted average interest rate of a loan that charges one rate for part of the debt, and another rate for another part of the debt. In the case of a cash-out mortgage refinancing [..]

Blended rate is a rate in an assumable mortgage combining the old, below market rate and the new higher rate. It is an interest rate charged on a loan, which is in between a previous rate and the new [..]

Total electricity costs divided by the total kWh used in a period of time. A blended rate will incorporate factors such as facility and demand charges into a simple average of $/kWh of electricity used.

A new interest rate on an increased mortgage loan which is derived from a formula which takes into account the interest rate and remaining term on the existing loan and the derived rate and term on th [..]