Back to question Answer 1 of 1

If I understand what you're asking, you want to know the difference between interest rate and APR. When you talk about the APR of a loan, it is more than just the interest rate, it also includes fees, points, and mortgage insurance, and is a much more complete picture of what your costs will be every year.

In looking around a little bit, it seems that rates are quite good right now, at right around 4%-5% for a 30 year fixed mortgage.

If you're interested in more info, check out ConsolidatedCredit.org mortgage advice, there are some calculators and articles that have a lot more info than I can share here.

Good luck!

-Connie

Liked this answer? Tell your friends about it
Add Your Comment (or add your own answer)
Insert: