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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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In that month, the popular average 30-year fixed-rate mortgage was 6.49 percent, up from 6.44 percent in May.

From Barron's Jul. 9, 2026

On Thursday, the 30-year fixed-rate mortgage rate averaged 6.49%.

From The Wall Street Journal Jun. 26, 2026

As of the week of May 21, the popular 30-year fixed-rate mortgage averaged 6.5 percent, up from levels seen in the prior month.

From Barron's May 28, 2026

The 10-year gilt is the benchmark for government bonds, while the two and five-year gilts have an influence on fixed-rate mortgage rates of the same time frame.

From BBC May 12, 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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