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Of course you can, assuming you still meet that lenders credit criteria. Fixing hinders your ability to move lenders which can be a problem if your existing lender won't help you.

The long term average interest rate (at least in my 15 years experience) is about 7%. I would suggest that anything over 7% is likely going to cost you more regardless of where the economy goes. This eliminates everything over 5 years. It's also quite possible that the average rate over the...