How interest rates affect mortgage payments | UNFCU
https://www.unfcu.org/financial-wellness/how-interest-rates-affect-mortgage-payments/
WEBUNFCU AVP, Mortgage Sales, Chip Allen, will go over the different types of mortgage interest rates, which items may affect your interest rate, what APR is, and more. Watch now. In summary. A fixed rate remains the same for the life of the loan. A variable rate usually remains fixed for an initial period, then adjusts periodically thereafter.
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