bellcheckchevron downcrossmagnify glasspaper plane

Fixed-Rate Period

The fixed-rate period is the initial time when your interest rate will not adjust. For example, if you have a 3-year adjustable-rate mortgage, your rate is fixed for the first three years, or the initial fixed-rate period. After that, your rate becomes variable. On fixed-rate loans, the fixed-rate period is the life of the loan (30 year fixed, for example).

Choose Another Letter Below