The value of fixed rate mortgages could decline substantially if interest rates decrease.

Name: The value of fixed rate mortgages could decline substantially if interest rates decrease.
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Fixed rate mortgages have their interest rates set for the life of the loan, so if interest rates decrease, the value of having a fixed rate (which remains the same) does not decline. In fact, borrowers with fixed rate mortgages benefit from having locked in their rate if the market rates increase.

The Value of Fixed Rate Mortgages Could Decline Substantially If