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This is a question many people are asking. I believe it’s something we need to be looking at regularly. As far as when you should fix them, that depends on many factors.
* Are you planning to stay with your current lender?
Are there any Prepayment Penalties? They have committed to investors to pay a fixed rate on their funds. Thus, you will likewise be committed to the bank.
* Will you be increasing your loan amounts soon?
Be certain that this doesn’t impact your rates. Often, they’ll set up fixed rates on portions of your loan at various maturities.
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