What is the apr on mortgage rates?

Answer In finance and lending, the term APR stands for annual percentage rate. This figure represents the sum of the periodic interest rates on your mortgage or other credit accounts.FunctionThe APR is di... Read More »

Top Q&A For: What is the apr on mortgage rates

Why Are Auto Rates Different Than Mortgage Rates?

Automobiles and real estate are two of the biggest purchases individuals can make. Some people assume they should have similar loan rates and conditions. However, rates differ not only between lend... Read More »

Are mortgage rates going down more?

On One Hand: Thirty-Year AnalysisThe national average for a 30-year fixed mortgage is around 5 percent, according to BankRate. Based on 30-year historical trends, mortgage rates have never dipped t... Read More »

What Are Mortgage Rates Tied To?

Mortgage rates are tied largely to economic factors, and to a smaller degree, to borrower history. The total effect of these factors causes mortgage rates to change daily. These changes impact the ... Read More »

What sets mortgage rates?

Mortgage rates depend on the money supply, or "liquidity" of our economic system and rules set by organizations that guarantee mortgages. Each federally guaranteed lender offers different rates to ... Read More »