That's what I'm hoping for, I've been fixed for the past 10 years but I'll risk it. If I'm really close to 4% by spring next year I'll be happy. Alright, I feel better about the 5.0% and will likely sign off next week.
I was told with this variable I can lock in to a fixed rate anytime I want, I asked and will follow up but didn't get a detailed answer. What is the "penalty" when you lock in? Is there a fee you need to pay that they calculate using the remainder of your term?
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