Fixed rate definition

Fixed rate is a loan (usually a mortgage) that has a fixed interest rate agreed upon from the start. Fixed rate loan has the same payments because the interest rate does not change. Adjustable rate or Variable rate is the opposite of fixed rate.

Investor Dictionary

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z