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'You still pay break costs. You just pay more if rates are higher than what you're currently paying. I just think the emphasis on rates is misleading - nothing is ever certain in business or investing. " Aaron other way around - if ratea are say 7% and ur fixed at at 6%, then you should pay...

fair enough I just remember breaking with SGB several years ago and I only paid several hundred dollars

aaron, you only pay the break costs if interest rates go up.

Could go lower, RBA should cut rates next month and a few more cuts expected this year. Europe is still a basketcase and is 40% likely to go into recession. Rates could be low for a while to stimulate our economy