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The gamble of fixed interest rates

In October 2007 I switched to a fixed interest rate of 7.85% for five years. It turned out to be a terrible punt. The Global Financial Crisis hit the following year, with interest rates dipping to record lows. I shudder to think how much money I might have saved if at that point I'd locked in a low fixed rate. Maybe there's an alternative universe version of me who held off in 2007, and took ad