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Old 06-30-2011, 04:23 PM   #12
ken0042
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Quote:
Originally Posted by THE SCUD View Post
That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
OK, what was the floating rate before? For July it is 9.888 - so about 25% higher than fixed.

http://www.enmax.com/easymax/residen...ent+Prices.htm

When I first went fixed I compared it often, and never was the floating rate lower than 8.
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