No we haven’t gone out of our mind, and aren’t asking you to give more money to the banks than they already have.
Rather – why not act as though interest rates have gone up by 0.25% and pay that extra amount off your loan. By paying that extra $60 per month (which is what the 0.25% would be on the average Australian mortgage) – you will save yourself $000’s and years off your mortgage!
Food for thought
Urban Land and Housing