When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...

Mortgage rates are the interest rates charged by a lender, and are expressed as a percentage. They determine how much interest you’ll pay over the lifetime of the loan. Even small changes in a ...

Learn how interest rates affect savings, borrowing, and the economy, impacting personal and business finances. Discover their role in investments and economic trends.