Mortgage Rates

Discover how the common Average Percentage Rate is Sometimes Lower Than the Mortgage Interest Rate and How Can This Instance Help You?

December 27, 2017

When looking at mortgage rates on various types of loans, you will often run across displayed interest rates higher than the annual percentage rate (APR). The APR is defined as the interest rate of the loan, including the various fees and additional costs associated with it. These fees include closing costs,