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• a mortgage loan with a fixed interest rate that remains the same for the life of the loan.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Fixed-Rate Mortgage (FRM)

  American Psychological Association (APA)

  Fixed-Rate Mortgage (FRM). (n.d.). Making Home Affordable Glossary. Retrieved June 9, 2023, from website: http://www.expertglossary.com/definition/fixed-rate-mortgage-frm.

  Chicago Manual of Style (CMS)

  Fixed-Rate Mortgage (FRM). www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/fixed-rate-mortgage-frm (accessed: June 9, 2023).

  Modern Language Association (MLA)

  "Fixed-Rate Mortgage (FRM)." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 9 June. 2023 http://www.expertglossary.com/definition/fixed-rate-mortgage-frm.

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