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 ?
Global Banking News-September 27, 2017--Croatia calls on lenders to offer fixed interest rates
The biggest benefit of floatingrate home loans is that they are at least 1- 2 per cent cheaper than fixed interest rates.
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
Lot 1: loans maturing in 5 years - fixed interest rates or subject to annual or triennial review - maximum total amount to borrow 290 000,
DE) launched home loan schemes with fixed interest rates for initial one to five years of the loan, while State Bank of India (SBI) (SBIN.
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.