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Fixed-Rate Mortgage

RECENT NEWS
Fixed rate mortgages popular
Sydney Morning Herald  Apr 2  Comment 
Almost one in three borrowers who took out a new home loan last month chose a fixed-rate mortgage, the highest rate in ten years.
Canadians flocking to fixed-rate mortgages, Mark Carney says
The Globe and Mail  Dec 11  Comment 
Combination of attractive terms, Bank of Canada bias
Meet the one-year fixed rate mortgage
The Globe and Mail  Jul 20  Comment 
It's an option worth considering for financially sound, risk-tolerant borrowers, or those needing a short-term mortgage
Safety sought in fixed rate mortgages
The Australian  May 28  Comment 
CONSUMERS are rushing to lock in their mortgages, with the number of fixed rate loans doubling in the past year.
Mortgages: Another record low for fixed-rate mortgages
MarketWatch  May 17  Comment 
Fixed-rate mortgage rates hit yet another set of record lows this week, with the 30-year fixed-rate mortgage averaging 3.79% in Freddie Mac’s weekly survey of conforming mortgage rates.
Mortgages: Fixed-rate mortgage rates hit low again
MarketWatch  May 10  Comment 
Rates on fixed-rate mortgages hit record lows this week, with the 30-year fixed-rate mortgage averaging 3.83% in Freddie Mac’s most recent survey of conforming mortgage rates, released on Thursday.
More interest in fixed rate mortgages
Sydney Morning Herald  Mar 19  Comment 
A new survey has found 60 per cent of home loan customers are considering a fixed rate mortgage.
Mortgages: 15-year fixed-rate mortgage hits record low
MarketWatch  Mar 8  Comment 
The 15-year fixed-rate mortgage hit a record low of 3.13% this week, according to Freddie Mac’s weekly survey, released on Thursday.
Mortgages: Rates on fixed-rate mortgages drop
MarketWatch  Mar 1  Comment 
Rates on fixed-rate mortgages fell this week, with the 30-year fixed-rate mortgage averaging 3.9%, according to Freddie Mac’s weekly survey of conforming mortgage rates.
Mortgages: Fixed-rate mortgage rates rise, ARMs fall
MarketWatch  Feb 23  Comment 
After three weeks of record lows, rates on 30-year fixed-rate mortgages rose this week, averaging 3.95%, according to Freddie Mac’s weekly survey of conforming mortgage rates, released on Thursday.
Rates on 30-year fixed-rate mortgages rise
MarketWatch  Feb 23  Comment 




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A fixed-rate mortgage is a mortgage loan that has a fixed interest rate over its entire duration. The most common durations are 15 and 30 year mortgage loans, although some banks may be willing to issue them for up to 50 years. Fixed-rate mortgages are often more expensive, but less riskier, than adjustable-rate mortgages. You can calculate these with the help of Mortgages Calculator.

The Freddie Mac 30-year fixed-rate mortgage benchmark is shown below.



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