What happens if fixed rates decrease and I have locked in the rate?

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What happens if fixed rates decrease and I have locked in the rate?

At settlement, if the usual fixed rate is lower than the locked in rate, you'll receive the lower rate. For example, a rate locked at 3.99% on the 5 October, settlement occurs 12 November and the usual rate on the 12th is 3.69%, you'll receive the 3.69%.

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