Why would apr be higher than interest rate
The difference between interest rate and annual percentage rate, or APR. it may make sense to pay fewer upfront fees and get a higher rate — and a higher APR — because the total cost will While low APRs may be a common occurrence while interest rates are low, quite the opposite can happen once rates (and mortgage indexes) begin to creep higher. Using our same logic from above, but taking a fully-indexed rate that is higher after those first five years, you can see why the APR would actually be higher than the rate, which is more