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Fixed vs. Variable rate on my lone
posted on
Oct 16, 2008 03:08AM
All,
I kindly ask for your advise.
I have two lones in my house hold.
2/3 of the lone is in fixed 30 year 6% bonds and
1/3 is in a 20 year lone based on 1 year bonds variable (renewed each year). Current rate i 4,8%
I am thinking of fixing the 1/3 one now to a 7% fixed 20 year.
