Q: My mortgage is coming due. Should I lock in?

A: If you have one property and the discipline to watch it, take the current prime minus .5 per cent or 2.5 per cent. That rate may stay low till fall. If you have an investment property – go long, at least a 3.8 per cent or so -five-year term (in 1983, the rate was 16.5 per cent, in 1993 13.5 per cent.). These are lifetime low interest rates. If you believe that massive inflation is coming – rates will be higher. (This week, six countries increased their rates, including India and China)