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rnd33 | 3 years ago

On average over a longer period variable rates will always be lower, since the risk premium due to future rate uncertainty will be lower. If that period is a 100 years it won't help lenders much though.

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refurb|3 years ago

Variables rates will always be lower? At any given point in time, true.

But you can lock in a fixed rate that will be lower than a variable rate in the future when rates rise.