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An interest rate that remains constant throughout the agreed term. If changes in the goverment base rate occur where commercial rates rise or fall you wont be affected.

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10y ago
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10y ago

An interest rate that does not change over the term of an agreement.

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Q: What is the definition of fixed interest rates?
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What is the definition of fixed mortgages?

A fixed mortgage is a type of loan where the rate of interest stays the same. Other mortgages' interest rates often fluctuate, but the rate of a fixed mortgage is constant.


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What difference does interest rates being variable rather than fixed make to pension plans housing loans and other personal finances?

what difference does interest rates being variable rather then fixed have on pension plans or home loans