Fixed Interest Rate


Also found in: Dictionary.
Related to Fixed Interest Rate: Floating interest rate

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 ?
A $6,000,000 first mortgage, secured by an 88,142-square-foot New Jersey office building, closed with a fixed interest rate of 4.
The loan will carry the existing fixed interest rate of 4.
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
The bank said, The car loan offer provides a fixed interest rate of 4.
It is a 10 year fixed rate loan that is amortized over 30 years with a fixed interest rate of 5.
I Bonds, like TIPS, have built in protection against inflation: an interest, rate that is adjusted to the Consumer Price Index every six months, in addition to a fixed interest rate that lasts the life of the bond.
The bonds initially bear interest in the weekly rate mode and may be converted to a fixed interest rate mode.
The loan closed with a 10-year fixed interest rate of 6.
White's consolidated Stafford Loans account for about $280 of her monthly bill and have a fixed interest rate of 7.
The loans have an initial fixed interest rate period of approximately five years.
The loan closed with a 20-year fixed interest rate of 6.
Under both agreements, the county will pay the counterparty a fixed interest rate and receive a variable-rate based on the BMA index.