The Effect of Rate Cutting on Mortgage Resetting

The trend is not your friend here. Consumers extend it. I keep looking at these debt numbers for the consumer and the rate that they're paying. There is no way out of this. They think they're going to outwit 20 plus 20%. Even when the economy was slowing, that's what you would get. When we talk about the impact of rate cutting on mortgage resetting,. We're so far from that on rate cutting of what we can look for credit card balances.

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