Interest rates should stay reasonably low for the foreseeable...

Interest rates should stay reasonably low for the foreseeable future, variations of a few points up or down not withstanding.
The main driver of this is and will continue to be the United States.
With a $17,000,000,000,000.00 debt they simply cannot afford interest rates to go up without major problems. (Did I get all the zeros right?)
Our banks can borrow money from the U.S markets at their rates and make a decent spread on the rates here. Competition between the local banks should ensure they try to meet or better borrowing rates of the other major players.
I do not foresee a major rate rise in the near to medium term however prudence always dictates that I leave myself a safety margin for repayments.
Just my opinion