Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Jessica Gibson is a content update editor and writer for Investopedia. She has over ...

Compared to the pandemic-era record lows observed just a few years ago, mortgage rates feel uncomfortably high. But when someone points out that mortgages are still painfully expensive right now, a ...