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 ?
Scan Mooney arranged a 15 year, $1,700,000 fixed-rate, nourecourse loan to refinance a 92-unit apartment portfolio comprised of 2 buildings located in the West Village and Upper East Side neighborhoods of Manhattan.
95%, while the Woolwich launched a four-year fixed-rate deal of 3.
The average cost of a two-year fixed-rate loan has risen to 7.
Data for February shows that 87% of first-time buyers chose a fixed-rate loan - up from the previous record of 84% in January, and 82% in the same month last year.
The average 30-year fixed-rate mortgage remains well below the low watermark for the 1990s.
Company A designates the swap as a fair value hedge of its fixed-rate asset.
Though some California banks have included prepayment clauses with rate discounts on adjustable-rate mortgages for several years, virtually no major lenders in the country routinely have marketed them with fixed-rate mortgages.
Depending on your firm's hedge objective, you can agree to be either a fixed-rate payor that receives the floating rate or a fixed-rate receiver that pays the floating rate.
Before the 1980s, virtually all refinancings involved the payoff of one fixed-rate mortgage with the adoption of a new fixed-rate mortgage.
The deal is one of the first mortgages originated under GE Real Estate's new flexible fixed-rate product, offering borrowers more flexible terms, prepayment flexibility and in-house asset management.
The average rate on a 30-year, fixed-rate mortgage for the United States in 2003 is projected at 6.
63 million Wisconsin Health and Educational Facilities Authority unenhanced fixed-rate, series 2007D (Hospital Sisters Services, Inc.

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