Sr. Loan Officer
Nova Home Loans - Yuma
454 W. Catalina Drive
Yuma, AZ 85364
Cost for the use of a loan, usually expressed as a percentage of the loan, paid over a specific period of time. The interest rate does not include fees charged for the loan. See also: Annual Percentage Rate (APR).
Annual Percentage Rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans.
|Change||Last Week's Rate|
|30 Year Fixed||4.04%||4.09%||3.99%|
|15 Year Fixed||3.49%||3.56%||3.44%|
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Rates are based on a national average and were last updated on Thursday, January 18, 2018. Chart data is for illustrative purposes only, assumes a borrower with excellent credit and is subject to change without notice. Accuracy is not guaranteed and products may not be available for your situation. Please request an exact rate from your lender. You may view the full loan assumptions and disclosures here.