Rates Current as of Thursday February 09, 2012

A fixed-rate mortgage offers you a set interest rate and payments that do not change throughout the life, or term, of the loan. A conventional fixed-rate loan is fully paid off over a given number of years-usually 15, 20, or 30. A portion of each monthly payment goes towards paying back the money borrowed, the principal; the rest is interest.

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Conventional Fixed Rate Mortgage

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