What Are Interest Rates and Annual Percentage Rates?

statement bill with watch

Interest Rates and Annual Percentage Rates?

When you do your research on mortgage rates, often there are two rates discussed: Interest Rates and Annual Percentage Rates. Note rate, also known as interest rate and APR (Annual Percentage Rate) can be confusing for everyone: consumers, real estate agents and even CPA’s. Ever wonder what the difference is? The Wall Street Journal sums it up nicely in this article.

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

© Joel Richardson. All Rights Reserved. | © 2021 PrimeLending |PRIMELENDING A PLAINSCAPITAL COMPANY®, PRIMELENDING®, HOME LOANS MADE SIMPLE®, DISCOVER YOUR BEST®, NEIGHBORHOODEDGE®, LOANTELLIGENCESM and LOANPLICITY® are trademarks, service marks, or registered trademarks or service marks of Hilltop Holdings Inc., licensed to PrimeLending, a Plains Capital Company, for its use. You may not use, display or reproduce them without the prior written consent of Hilltop Holdings Inc. and PrimeLending. Further, you may not remove, obscure, or otherwise modify any copyright, trademark, confidentiality or other proprietary rights notices displayed on, embedded in, or otherwise appearing in any Content offered by, viewed on, or received through this site. All other trademarks identified and contained herein are the property of their respective owners and their use herein does not imply sponsorship or endorsement of their products or services.In accordance with Section 326 of the USA PATRIOT Act of 2001, PrimeLending NMLS: 13649 is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. This website is not intended to offer loan services for properties in New York.All loans subject to credit approval. Rates and fees subject to change.