• What’s the Difference Between Interest Rate and APR? | Mortgage FAQs

    What’s the Difference Between Interest Rate and APR? | Mortgage FAQs

    June 7, 2022

    One of the most confusing parts about the mortgage interest rate is the difference between the base interest rate and the APR. APR stands for “annual percentage rate”. The APR contains both the mortgage rate and fees charged by the lender, while the rate is simply the base mortgage interest rate. The APR may contain […]