This type of interest rate offered by a lender is in between a previous rate and a new loan rate. Usually offered through refinancing of previous loans, this rate exceeds that of the old loan but is less than the rate of the new loan.
Blended Rate
This type of interest rate offered by a lender is in between a previous rate and a new loan rate. Usually offered through refinancing of previous loans, this rate exceeds that of the old loan but is less than the rate of the new loan.