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- Its portfolio could shrink if customers switch to fixed loans in large numbers.
- But if rates rise, the fixed loan will cost less over the long run.
- Interest rates this month dropped to around 7.5 percent for a 30-year fixed loan.
- Tuesday's action won't necessarily mean higher rates for home buyers who choose fixed loans.
- The average rate on a 30-year fixed loan bottomed out at 7.41 percent in mid-July.