interest rate – Money Officials

Understanding the Difference Between APR and Interest Rate in Mortgages

You might encounter phrases like APR and interest rate when searching for a mortgage. These are different even though they both have to do with the price of borrowing money. When selecting a mortgage, it is essential to comprehend the

The Role of Interest Rates in Inflation and Housing Affordability

In any economy, interest rates significantly impact the inflation rate and housing affordability. Interest rates and inflation have a complicated and intertwined relationship. Interest rates are the price of borrowing money, and central banks set them in response to economic