Fixed rate mortgages
Are fixed rate home loans permissible in Islam?
وعليكم السلام ورحمة الله وبركاته
Fixed rate home loans and mortgages are no different from any other _riba_ and interest based loan thus, it is not permissible to enter into such an agreement.
And Allah Ta’ala knows best.
Answered by Shaykh Shabir Moosa