fixed-rate mortgage — A mortgage where the rate of interest is fixed for a set period of time. The advantage of this type of mortgage is that the investor can budget accurately. Even if interest rates rise or fall and lenders alter their mortgage rates in line, your… … Financial and business terms
Fixed-Rate Payment — The amount due every period by a borrower to a lender under a fixed rate loan. The fixed rate loan payments will be equal amounts until the loan plus interest are paid in full. The payment amount can be calculated using the following formula:… … Investment dictionary
Fixed rate mortgage — A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Other forms of mortgage loan include interest only… … Wikipedia
Fixed-Rate Mortgage — A mortgage that has a fixed interest rate for the entire term of the loan. The distinguishing factor of a fixed rate mortgage is that the interest rate over every time period of the mortgage is known at the time the mortgage is originated. The… … Investment dictionary
fixed rate — /fɪkst reɪt/ noun a rate, e.g. an exchange rate, which does not change ▪▪▪ ‘…you must offer shippers and importers fixed rates over a reasonable period of time’ [Lloyd’s List] … Marketing dictionary in english
Fixed-Period ARM — An adjustable rate mortgage (ARM) with an initial fixed interest rate period. After the fixed interest rate expires, the interest rate starts to adjust based on an index plus a margin. The amount by which the interest rate can… … Investment dictionary
Fixed interest — A fixed interest rate loan is a loan where the interest rate doesn t fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast, are anchored to the… … Wikipedia
fixed-period ARM — MBSs that are fixed rate instruments for an initial period and floating rate securities thereafter. The initial, fixed rate period may be 3, 5, 7, or 10 years. After the expiration of the fixed rate period, a typical fixed period ARM may adjust… … Financial and business terms
fixed annuity — UK US noun [C] (also fixed rate annuity) INSURANCE ► an annuity (= contract someone agrees with an insurance company to be paid an amount of money regularly) for which the payment amount remains the same for the period of the annuity: »At the… … Financial and business terms
Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil … Wikipedia
rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms