You may possibly be in a whole generation of people that have never known what a normal mortgage rate might be. And, that would be because mortgage rates have been kept artificially low by the Federal Reserve since 2010. Not to mention, most of the rest of adults here in the U.S. have forgotten what […]
We should probably start this with “what exactly is an APR?”. An APR is an “Annual Percentage Rate”, and is a calculation to accurately reflect the cost of the mortgage considering the note rate of interest, financing fees and charges based on the term of the mortgage. APR calculates the interest rate and loan fees […]
