### Question
How is the term fixed rate mortgage defined?


### Answer
The term **fixed rate mortgage** is defined in *12 U.S.C. § 4901* as the following:

> a residential mortgage that has an interest rate that is not subject to change

#### Citation:
  - *12 U.S.C. § 4901*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

