It's the most common home loan option as buyers know what to expect for the entirety of the loan's duration. (smartasset.com)
Comparably, when you buy a home, your monthly mortgage payments will remain the same throughout the entirety of the loan if you acquire a mortgage with a fixed interest rate. (letsmakeaplan.org)
As its name indicates, the interest rate remains unchanged for the entirety of this loan's lifespan. (smartasset.com)