die Festhypothek
Translation
fixed-rate mortgage
Examples
Wir haben eine Festhypothek abgeschlossen.
We took out a fixed-rate mortgage.
Die Zinsen für Festhypotheken sind gestiegen.
The interest rates for fixed-rate mortgages have risen.
Grammar Patterns
to take out ((a Festhypothek)) to take out a fixed-rate mortgage We are taking out a fixed-rate mortgage for our house.
Similar Words
Synonyms: none direct; Antonyms: variable Hypothek (variable-rate mortgage)
Etymology
Composed of 'Fest' (fixed) and 'Hypothek' (mortgage). It literally means a 'fixed mortgage'.
Memory Tips
Think of the interest rate being 'fest' (firmly fixed) for the entire term of the loan.