Hello folks and thanks for tuning in this week to Your Mortgage Minute! This week, we are going to discuss a topic many people ask me about, "What is APR or annual percentage rate?”

I hear this all the time, "I just got an awesome rate on a new mortgage!” My first question back is always the same, "Okay what is your APR?” Crickets is what I usually hear in response, and I have to pause. I know many of you are asking the same questions right now, “what is the APR and why does it matter if I got a great interest rate?” Let’s dig a bit deeper into that, and I think the answer will reveal itself to you (spoiler alert – I’ll tell you why before the end of this week’s discussion).


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