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Cowlick is correct. But, as I said, interest rates adjust annually (in July I believe). Rates were really low in July. So, you're existing loan(s) interest rates should have adjusted downward. If you consolidated now, they would lock in at an average of your current rates. One can never predict whether rates will rise or fall but if I had to bet, I would only say they're going up. So next July, you're rates will likely adjust upward. Lock in now and keep the historically low rate.
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