Fixed Interest Rate

What Does Fixed Interest Rate Mean?
A loan or mortgage with an interest rate that will remain at a predetermined rate for the entire term of the loan.

Also known as a "fixed-rate mortgage".

Investopedia explains Fixed Interest Rate
An estimated 70-80% of all home mortgages are fixed-rate.

Related Terms

Adjustable-Rate Mortgage - ARM
Conversion Option
Flip-Flop Note
Gearing
Graduation Period
Interest Rate
Interest Rate Swap
Liability Swap
Mortgage
Variable Interest Rate
More Related Terms

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Which is better, a fixed or variable rate loan?

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