Economics/Business
posted by Jackie .
When buying a new house, is APR the same thing as annual interest rate?

APR means the annual percentage rate. Your mortgage payments are based on the APR  such as 5.5% interest on your mortgage.
posted by Jackie .
When buying a new house, is APR the same thing as annual interest rate?
APR means the annual percentage rate. Your mortgage payments are based on the APR  such as 5.5% interest on your mortgage.