Effective annual interest rate

Effective annual interest rate

Effective annual interest rate is the percentage rate that represents one year's yield on an investment, including the effects of compounding. When interest is compounded more often than once a year, the effective annual interest rate will be higher than the stated rate.

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National Rates

Loan Type Today
30 Year Fixed   6.05
15 Year Fixed   5.72
5/1 Adjustable   5.78

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