mortgage

What is a fixed-rate mortgage?

 

 

What is a fixed-rate mortgage?

The Bankrate.com financial term of the day is: "fixed-rate mortgage."

Having your dog or cat fixed is a way to help control the pet population. Having a fixed-rate mortgage can help you control your monthly house payments. It's a home loan with an interest rate that always stays the same, unlike an adjustable-rate mortgage, with a rate that can change.

A fixed-rate mortgage offers an interest rate you can count on. That's a good thing if rates go up, though if rates go down, you're stuck.

To shop for a great mortgage rate, visit the rate tables at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Crissinda Ponder

New home sales move upward

Sales of new single-family homes are up more than 5% from June 2015 and more than 25% from July 2014, according to new data from the federal government.  ... Read more

advertisement
Partner Center
advertisement

Connect with us