Not that long ago, many investors were rejoicing because they...

Not that long ago, many investors were rejoicing because they locked in a 5 year fixed rate of 4.99%. But now the big banks are offering a 5 year fixed rate of 4.59%.

Blind Freddy can see that variable rates are heading much lower and will stay at record lows (possibly 3.5%-3.8%) for a long time.

So resist the urge to lock in a fixed rate...and don't forget to increase your rents if you can.