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    What happens to locked in rates when interest rates fall?

    My personal suggestion would be for you to ask it to be turned to full variable, now that settlement has not taken place, if that is possible.
  2. U

    What happens to locked in rates when interest rates fall?

    Fixed rate funding costs have been falling dramatically since December but the banks have not lowered most of their fixed rates. If fixed loan rates followed the swap rates they would be down 50bps now. Retail prices for fixed rates depend on competition and market demand. If one of the Big...
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