Dear Steve McKnight, firstly thankyou for your newsletters i find them very informative. Second of all interest rates – i have just fixed 2 of my loans for 5 years at 6.79% ok probably not the best rate in town but these are both I/O loans 1st loan which i have just changed from P/I to I/O the bank waived all switching fee’s and gave me discounts on an this loan plus another one i have with the same bank also dropped the monthly fee’s which i was paying total $20 / month on 2 loans. The second loan which is a new loan with another bank which i have never dealt with before not even being a customer of theirs waived establishment fee’s monthly fee’s and gave me a discounted rate as well i have 3 other loans i need to tune up a little in the way of fee’s and interest rates. If anything i think the banks are willing too negotiate to get your business