The difference between APR and Interest Rate
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YouTubeLizy Hoeffer
The difference between APR and Interest Rate
UPDATE!!! Check out how to calculate APR and use it when you shop a loan!! https://youtu.be/ZzjK-NIiYhg Why is my “annual percentage rate” (aka APR) higher than my interest rate?⁣⁣⁣ ⁣⁣⁣ This is a frequent question I get asked during the mortgage process, and the answer to this is rather confusing! ⁣⁣⁣ ⁣⁣⁣ The ...
204.3K viewsMay 6, 2019
Interest Rate Explained
The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC
1:33
The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC
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Canada drops interest rates as U.S. tariffs weaken economy
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