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Hiya Sun I aint no expert, and certainly not a specialist in fixed rates :) Fixed rates for me and when clients ask, are not about getting a "better" deal at any point in time, but about managing risk of loss. If you are a marginal borrower, in that I can JUST afford this, until 45...

Hiya Aus Thats not a break fee. Thats in addition :) and is an economic break cost. The bank has "sold your loan" to someone at rate x. If they deem to have lost money on the deal, then you will be asked to cough up. This is reasonable since the fixed rate contract must apply...