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THE END OF LOW RATES | Interest rates may have reached a bottom, Nathaniel Popper and Peter Eavis write in DealBook.
How will a decade of low rates affect you?
"They grew up in an era of low rates of trust in government institutions.
"Homeowners are taking advantage of low rates to secure reduced monthly repayments".
"The persistence of low rates for so long has been an advantage," he said.
The key driver was remortgaging, with borrowers taking advantage of low rates to refinance their portfolios.
"I've been receiving the benefits of low rates for years,'' he said.
Icelandair, its national airline, seems to have an endless supply of low rates and incentives.
Harris says overpaying now at a time of low rates could insulate against rises.
Buyers are rushing into the market to take advantage of low rates, but there still aren't enough sellers.
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He noted, however, that since firms were able to borrow at unheard-of low rates today "it may give them more confidence to pay a little bit more".
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