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Explain... Fixed RateExplain... Fixed Rate. The rate of interest you pay is fixed for a defined term usually between six months and five years. Fixed rates have been available for terms of ten, fifteen or even twenty five years, and may be again in the future. ... payments will remain constant during the fixed rate period. Taking out a fixed rate protects you from any rise in interest ...

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Fixed Rate Mortgage - Forbes:Fixed Rate Mortgage - A fixed rate mortgage is perfect for anyone who likes to budget monthly expenses and plans to keep their home for several years.

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