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fixed-rate mortgage

American  
[fikst-reyt] / ˈfɪkstˌreɪt /

noun

  1. a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years.


Example Sentences

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The average 30-year fixed-rate mortgage rose 5 basis points on Monday to 7.17%, according to Mortgage News Daily.

From MarketWatch Sep. 14, 2026

The 30-year fixed-rate mortgage edged up to its highest level of 2026.

From The Wall Street Journal Jul. 23, 2026

The average rate on a 30-year fixed-rate mortgage this past week, the highest since last August’s 6.56%.

From Barron's May 22, 2026

High rates are bad for anyone hoping to buy a home with a fixed-rate mortgage or looking to borrow money, including companies that want to invest in their business.

From MarketWatch May 21, 2026

“The price was absurd, and they were giving her a no money down option adjustable-rate mortgage,” says Eisman, who talked her into taking out a conventional fixed-rate mortgage.

From "The Big Short" by Michael Lewis

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