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• The price paid for borrowing money, usually stated in percentages and as an annual rate.

  The Federal Reserve Board - Cite This Source - This Definition
  ×

  Cite Definition for Interest rate

  American Psychological Association (APA)

  Interest rate. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/interest-rate.

  Chicago Manual of Style (CMS)

  Interest rate. www.federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/interest-rate (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Interest rate." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 28 March. 2023 http://www.expertglossary.com/definition/interest-rate.

• Percentage paid for the use of money, usually expressed as an annual percentage.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Interest rate

  American Psychological Association (APA)

  Interest rate. (n.d.). Glossary of Common Mortgage Terms. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/interest-rate.

  Chicago Manual of Style (CMS)

  Interest rate. www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/interest-rate (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Interest rate." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 28 March. 2023 http://www.expertglossary.com/definition/interest-rate.

• Browse Related Terms: Collateral, creditor, Equity stripping, Home Equity Line of Credit (HELOC), Home Ownership and Equity Protection Act (HOEPA), interest, Interest rate, Loan modification activities, Principal, Rate Spread, Servicemen’s Readjustment Act, Truth-In-Lending Act (TILA)

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