Fixed Interest Rate

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Fixed Interest Rate

An interest rate that does not change over the life of a loan or other form of credit. If one borrows money at a fixed interest rate of 10%, then 10% is calculated over the principal balance each time the interest compounds. A fixed interest rate differs from a variable interest rate, which may change, at least within certain parameters. Most home mortgages in the United States have fixed interest rates. It is also called simply a fixed rate.
References in periodicals archive ?
The biggest benefit of floatingrate home loans is that they are at least 1- 2 per cent cheaper than fixed interest rates.
What previously appeared to be high interest cost could now be considered a benefit, as our fixed interest rates drift closer to the prevailing bank prime.
Summit Mortgage CEO Richard Fedele cites attractive 30-year fixed interest rates and pent-up housing demand as factors; Summit sees 76 percent increase in closed loans
Of this total, 21 communities have mortgage debt of approximately $161 million at fixed interest rates averaging approximately 6.
Steady liability management efforts have led to an increase in the average maturity of public external and domestic debt and increased the proportion of domestic debt securities issued on fixed interest rates.
These two new annuity products offer investors a reliable alternative to riskier, stock market based investments by providing competitive fixed interest rates that are designed to facilitate tax-deferred growth.
HickoryTech Corporation (Nasdaq:HTCO) announced today that it has effectively locked in on fixed interest rates on $100 million of the company's long-term debt.
A recap for the period of time, notional amounts, LIBOR fixed interest rates, expected margin rates, and expected fixed interest rates for the contract are as follows:
Forest estimates it will have approximately 86% of its long-term debt subject to fixed interest rates at December 31, 2002, following the termination of the interest rate swap.
2 million long-term financing allows RFS to extend its debt maturities over a longer term and increases the percentage of our debt carrying fixed interest rates.
The notes carry fixed interest rates and will mature at various times between the fifth and fifteenth years with an average life of 10 years.