fixed-rate mortgage

US:USA pronunciation: respellingUSA pronunciation: respelling(fikstrāt′)


WordReference Random House Unabridged Dictionary of American English © 2026
fixed-rate mortgage  (fikstrāt′),USA pronunciation 
  1. Banking, Businessa home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years.

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