Banks hate losing. Look at ten year fixed rates and heavy equipment lease rates. Interest rates will be hard pushed to go beyond 7.50% in Oz.
Your right mate! The b anks are much worse than casinos - I believe that statistically the banks come out on top 90% of the time!!! In other words you might win for a year or two but they will get you in the end.
Personally I always stick with variable rates, and for over ten years I have been better off, consistantly paying less than the fixed rates.
I hope this helps anyone who may be about to borrow!