Welcome to the Voice of America's "News Words," where we teach you about words in the news.
Owning a home in the United States often is called the America dream.And when Americans talk about buying a home,they usually
use this word:"Mortgage" And while mortgage rates have risen,homebuyers can take heart,they're still historically low.Unless
people pay cash for a house,they usually establish a "mortgage," and make regular payments on the property.Each month,they
give a bank or the property owner a set amount of money until the loan is paid.Most Americans have 30 year mortgages on their homes
Now,when you hear the word "mortgage,"your English will be good enough to know what this News Word means.