mortgage

What is 30-year fixed?

 

 

What is 30-year fixed?

The Bankrate.com financial term of the day is: "30-year fixed."

A 30-year fixed mortgage gives you three decades to pay off your house, and there won't be any surprises during that term. The interest rate won't change; it will be the same on the last day as it was on the first day. That's different from an adjustable-rate mortgage, with a rate that can change.
 
A 30-year fixed mortgage is a long-term home loan with a reliable interest rate.

To shop for the perfect home loan, visit the Mortgage section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Labor Day road trips to increase

AAA Travel projects that 34.7 million Americans will travel more than 50 miles from home this Labor Day weekend, the highest volume since before the 2008 recession.  ... Read more


Connect with us