:yeahthat:

If you can pay more earlier - why wouldn't you?

Fixing the interest is making the bet - "For the given time, I bet that interest rates will rise above what I'm fixing" but the condition of the 'win' is that the variable rate has to be higher than your fixed rate long enough to make the $$ balance out.

Personally, I'd only fix if I was sure (as you can be ) the variable rate will get to be higher than your fixed rate sooner rather than later, otherwise you risk breaking-even, or worse.

(incidentally, we are variable)