Why APR Isn’t the Best Way to Shop Mortgage Rates (And What to Use Instead)

Annual Percentage Rate Apr Mortgage rateWhen you’re shopping for a mortgage, it’s tempting to compare APRs — after all, that’s what the government designed APR for. The problem is that APR is one of the least reliable numbers in a mortgage quote. Here’s why, and what to look at instead.

What Is APR and Why Was It Created?

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