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Fixed-rate loan

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Fixed-rate loan
A loan whose rate is fixed for the life of the loan.
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to secure the 10-year, fixed-rate loan through Freddie Mac.
Multifamily refi closed by Real Estate Weekly
Those with existing ARMs who are trying to decide whether to convert to a fixed-rate loan should tally up conversion lees (which vary) and any prepayment penalties and closing costs, and compare the total to the maximum possible increase in monthly payments they'd be subject to if they kept the ARM for the remainder of the time they plan to be in the home.
Don't be alarmed if you have an ARM: homeowners with adjustable rate ... by Sidime, Aissatou / Black Enterprise
the rate on a 30-year fixed-rate loan leapt from 6-1/4 percent with 1-1/2 points on Tuesday to 7 percent with 2-1/8 points on Friday.
RATES UP? DEAL WITH IT MORTGAGE LENDERS SAY INCREASES WON'T LAST by Daily News (Los Angeles, CA)
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