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.
Mortgage rates jumped this week.
The benchmark 30-year fixed mortgage rate held at 3.8 percent.
Mortgage rates remained in a holding pattern this week.
Mortgage rates edged up this week.
How did consumers respond when asked about job security, savings, net worth, and debt?
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New car loan rates fell 1 basis point each.
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