You can choose to fix at today’s rate and, in the next couple of months, interest rates could drop and you’re stuck with higher interest.
“We are asked a lot whether an entrepreneur should fix or float and the answer is, ‘It depends on your risk tolerance.’ You can choose to fix at today’s rate and, in the next couple of months, interest rates could drop and you’re stuck with higher interest. Or, vice versa, rates can continue to rise when you’ve locked in at a better rate. .