An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. Interest rates are normally expressed as a percentage rate over the period of one year. Sometimes the reason people decide to do mortgage refinancing is because of a drastic drop in interest rates, as we have witnessed in recent years.
This information was provided by RDS Real Estate. We are located just east of downtown Fort Worth and we are a leader in leasing commercial property in Tarrant County. Contact us.