fixed-rate mortgage

[ fikst-reyt ]

/ ˈfɪkstˌreɪt /

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noun

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.

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Words nearby fixed-rate mortgage

fixed link, fixed oil, fixed point, fixed-point representation, fixed price, fixed-rate mortgage, fixed satellite, fixed sign, fixed star, fixed trust, fixed-wing

How to use fixed-rate mortgage in a sentence

The inflationary trend is pushing the 30-year fixed-rate mortgage above 3 percent for good.
Mortgage rates propelled higher by rising inflation|Kathy Orton|November 18, 2021|Washington Post
Last year saw interest rates come significantly down, and we’re still seeing an average of 3% on 30-year fixed-rate mortgages.
Real estate opportunity still knocking|Zach Twigg|April 26, 2021|Washington Blade
The 30-year fixed-rate mortgage, the most popular mortgage product, rose above 3 percent for the first time in seven months this week.
Mortgage rates top 3 percent for first time since the summer|Kathy Orton|March 4, 2021|Washington Post
ARM loans have increasingly seen a smaller share of the market, given the historically low rates for fixed-rate mortgages.
Mortgage rates spike to highest levels in nearly two months|Kathy Orton|January 14, 2021|Washington Post

When a borrower takes out a loan such as a 30-year fixed-rate mortgage, a lender often bundles that loan with other loans into an MBS and then sells it to investors.
Fixed mortgage rates tumble to lowest levels in history|Kathy Orton|December 17, 2020|Washington Post
What are the monthly payments on a 20-year, 5% fixed-rate mortgage with a loan of $200,000?
The Google Killer|Nicholas Ciarelli|May 8, 2009|DAILY BEAST