As Popular As A Pork Chop In A Synagogue
This colloquialism from the 1950's is likely to make me this popular with the New Zealand Banks and a topic I haven’t seen covered in the market place for some time. (See Definition http://www.urbandictionary.com/define.php?term=Pork+Chop )
If you have borrowed money and have fix interest rates you will be well aware of the break costs to get out of these agreements currently. Although these can be extremely painful to pay they are a fact of borrowing if you have locked in higher than where the current market is for interest rates.
However this will not happen forever, interest rates will climb eventually, so what happens if you have locked in at low rates and decide to break when interest rates are higher - the inverse of the above situation occurs. So where does the profit go?