May 4, 2015
7:00:59pm
7:00:59pm
There are too many variables to answer your question in the abstract.
Sometimes the APR can be lower than the interest rate.
Sometimes lenders play games with low rates and make it up on fees, which result in higher APRs.
But for what it's worth, I've recently been quoted APRs on 30-year fixed products that are between 0.007% and 0.020% higher than the interest rate. So 0.6% would seem a bit steep.
Sometimes lenders play games with low rates and make it up on fees, which result in higher APRs.
But for what it's worth, I've recently been quoted APRs on 30-year fixed products that are between 0.007% and 0.020% higher than the interest rate. So 0.6% would seem a bit steep.
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