30 Year Mortgage Lending Rate
30 Year Mortgage Lending Rate: - A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Fixed rate mortgages are the most classic form of loan for home and product purchasing in the United States. The most common terms are 15-year and 30-year mortgages. (Source: Freddie Mac, Wikipedia).