Mortgage Rate Smackdown: Bank of America vs. Chase vs. Wells Fargo – An APR is the interest rate adjusted by estimated loan. Twitter: @halmbundrick. The article mortgage rate smackdown: Bank of America vs. Chase vs. Wells Fargo originally appeared on NerdWallet.
What is the difference between a mortgage interest rate and. – An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also any points, mortgage broker fees, and other charges that you pay to get the loan.