What is 15-year fixed?
The Bankrate.com financial term of the day is: "15-year fixed."
A 15-year fixed is a mortgage that you carry for a relatively short, 15-year term, and you don't have to worry about the interest rate going anywhere during that time. It will stay the same during the lifetime of the loan.
A 15-year fixed is a mortgage that's short on years and short on surprises.
To shop for the perfect home loan, visit the Mortgage section at Bankrate.com.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
Expect the roads to be crowded this Thanksgiving holiday, with more Americans piling their families into their cars to visit loved ones.
... Read more