Compounding
Compounding
Compounding is the process of calculating interest on the combined balance of principal and accrued interest. The value of an investment increases at a faster rate when previously accrued interest is rolled into the investment's interest-earning balance.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
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