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Today’s fact

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MortgagesNew fact

The rate is only part of the cost

Mortgage APR includes the interest rate and certain loan charges, such as points and broker fees.

WHY IT MATTERS

Compare similar loan offers using both the rate and fees. APR helps reveal costs that a low advertised rate can hide.

IN PRACTICE

Two loans can have the same interest rate but different APRs because their fees differ.

Consumer Financial Protection BureauVerified October 3, 2026
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