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I will say something in your favour. The rates have never been lower. It's not like you will be fixing at a 7+% rate. I don't know how low they will go, but I imagine your break fee will be low should you need to break, because they take into account your rate and the current swap rate to...

Donkey, i'm in the situation now where I want to pull out equity of a property I half fixed. The only way I would be able to do this is by either breaking the term or by refinancing with that bank. That bank won't lend me any more money. So my only option is to have the extra cost of paying the...

Donkey, being fixed will give you a lot less flexibility of you decide to refinance or sell down the track like the others have said. I don't recommend losing the flexibility for the sake of possibly lower rates. You might want to sell or do something with the property a year or two down the...