The interest rate is the cost of borrowing, stated as a percentage, charged by a lender on the principal amount of your mortgage.
An introductory rate is a temporarily discounted rate for home equity lines of credit or adjustable rate mortgage loans — a rate that is usually low and lasts only for an introductory period.
Pages on the site that refer to interest rate
Step 2: Understanding mortgage rates
purchase
> homebuyer's guide
Tax advantages and considerations
purchase
> homebuyer's guide
> step 2
Fixed vs. adjustable rates
purchase
> homebuyer's guide
> step 2
What are discount points?
purchase
> homebuyer's guide
> step 2
Using APR to compare rates
purchase
> homebuyer's guide
> step 2
Shorter terms, lower rates
purchase
> homebuyer's guide
> step 2
What happens and when
purchase
> homebuyer's guide
> step 6
Step 1: Is it time to refinance?
refinance
> refinancing guide
