[shadon]

I love the fact that I locked my mortgage into a 3 year fixed rate of 6.74% (which is equivalent to my current standard variable rate at the time). I did this a couple of days before the Australian Federal Reserve Bank lifted it's cash rate from 5.5% to 5.75% back in May. It raised them again to 6% this month and there is strong talk that they will go up .25 again in November. By comparison, I believe the current US cash rate is 5.25%. I have just run a internet search and you can't get a better mortgage interest rate than I have at present. They are all higher. So yes, I guess I do love my mortgage. Plus my house is almost finished with the renovations and won't need a thing done to it in the future other than normal maintenance - it is a 30 year old house that is now brand new inside and out.