"Fix rate" refers to a set or constant rate that does not change. It is used to describe a situation where the rate or price remains the same over a certain period of time. Full definition
For years, the 30 year fixed rate mortgage loan provided a stable and affordable method for buying a home or seeking a mortgage refinance. (fhaloanpros.com)
I do 30 year fixed rate mortgages for the certainty. (rentalmindset.com)
We have a variety of fixed rate loan terms that we can tailor to your own individual needs. (banksisonline.com)