Let's take a closer look at the difference between mortgage APR vs. interest rate. When looking at your mortgage documents, you'll see two percentages pop up: the interest rate and annual ...

CNBC Select breaks down the difference between these two terms and why it matters. APY is the total interest you earn on money in an account over one year, whereas interest rate is simply the ...

but others use a factor rate instead. APR is the interest rate on a loan in annualized form. It's the total cost of borrowing for one year, when the interest rate and loan fees are added in ...

Finally, when you’re comparing rate quotes, be sure to look at the APR, not just the interest rate. The APR reflects the total cost of your loan on an annual basis and any discount points being ...