Interest rates 30 year fixed Meaning and Definition
Interest rates 30 year fixed
Pronunciation
/ˈɪntɚəst.rɪts ˈthɪrti ˈjɪər ˈfik.tɪd/
Part of Speech
Noun
Definition
A type of mortgage with a fixed interest rate for a period of 30 years, providing stability and predictability for homeowners.
Examples
- The first-time homebuyer chose a 30-year fixed interest rate to ensure their monthly payments remained consistent.
- Interest rates 30 year fixed are popular among buyers who prioritize long-term stability over short-term flexibility.
Synonyms
- 30-year mortgage
- Fixed-rate mortgage
Antonyms
- Floating rate
Etymology
The term “Interest rates 30 year fixed” is derived from the concept of a fixed interest rate applied to a 30-year mortgage.
Usage Notes
Use “Interest rates 30 year fixed” to describe a mortgage with a fixed interest rate for 30 years.
Cultural References
The concept of a 30-year fixed interest rate has been featured in various financial and real estate contexts, including news articles, videos, and podcasts.
Idiomatic Expressions or Phrases
Fixed for 30 years: Referring to a mortgage with a fixed interest rate for 30 years.
Related Words or Phrases
- Interest rates
- Mortgage
- Fixed rate
Collocations
- Fund rates
- Home loan interest rates
Frequency of Use
The term “Interest rates 30 year fixed” is commonly used in the real estate and financial industries to describe a specific type of mortgage.
Common Misspellings
- Interst rates 30 year fixed
- Intrest rates 30 year fixed