Annual percentage rate – Wikipedia – The term annual percentage rate of charge (APR), corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc.
The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects not only the interest rate but also the fees that you have to pay to get the loan.
Average Interest Rate On Home Best Home Mortgage refinance rates compare today's Refinance Mortgage Rates | NerdWallet – NerdWallet's comparison tool can help you find the best refinance rates for your mortgage. Enter a few details about your current home loan and we'll scan.