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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Hawkmoon who wrote (5726)2/25/2002 10:48:26 PM
From: Steve Lee  Read Replies (1) of 33421
 
If rates are locked in then the consumer debt situation is not as bad as I thought. Still, if rates go up, although the consumer might still be able to pay bills, they can be expected to rein in the spending somewhat.

Here in Europe, we are more at the whim of the central banks. They raise rates, and our payments go up.

We get fixed rates but in general they are incentives to take out a mortgage or loan, and are only fixed for 2,3 or 5 years. Then they float at a certain percentage above base rates.
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