He found that the availability of discounted variable-rate deals crowded out comparatively expensive longer-term fixed-rate loans.
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That drop has made imports more expensive and pushed the rate of inflation up above 10%.
"The good news is that these refinancings could help some homeowners avoid expensive resets on adjustable rate mortgages, and in turn prevent some foreclosures, " said Spencer Rascoff, chief operating officer at Zillow.com, a real estate Web site based in Seattle.
Spain was unable to borrow the maximum 3.5bn euros it wished to do - and investors ended up demanding the Spanish government pay an expensive 5% interest rate for supposedly risk-free 12-month loans (Belgium too didn't sell the maximum debt on offer).
We continue to disagree with the U.S. slowdown forecasts based on rate hikes, expensive energy, a consumer slump, or broad instability related to a housing slowdown.
The expansion has been sturdy rather than fragile, growing steadily since the June 2003 tax cut despite hurricanes, rate hikes, expensive energy and constant talk of a consumer slump.
For the past year, the swap facility has been priced at a prohibitively expensive 1% over the rate for overnight index swaps, the benchmark interbank rate, in order to discourage moral hazard.
Credit cards are the easiest form of credit, but the average interest rate is already very expensive.
The people of Kivalina, Alaska are losing the ice their village is built on at an alarming rate, requiring urgent and expensive relocation.
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That's because even if hospital A may charge more than hospital B for a particular service, your insurance company may have negotiated a lower rate with the apparently more expensive hospital.
The way wholesale electricity prices work, all producers get the same rate for power at any given time, and that rate is set by the most expensive power source on line at the time.
One little technical problem: aside from captive provider systems with electronic medical records like Kaiser, not a single insurer I know of in the US has any ability to affect this scandalously high rate of often unnecessary, always expensive, high-volume surgery.
If the customer exceeds a predetermined rate of transactions, purchases an expensive item, or if Bling Nation notices a lot of geographic variability over a short period of time, when a consumer taps a BlingTag, she could be asked to supply a PIN.
The Fed's relentless rate increases promise to make borrowing more expensive as well.
Because if only sick people buy insurance, but insurers are forced to accept all comers and charge healthy and sick people the same rate, insurance would rapidly become too expensive for anyone to afford.
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Burnett says the health service will fund expensive drugs that appreciably increase a patient's survival rate.
Like most non-bank finance that rate is, as Channel Advisor observed, expensive, but it is also comes with a four-day turnaround.
The U.S. has swapped its relatively long-term expensive debts for short-term ones with a low interest rate.
Because the appraisal didn't lower his loan-to-value ratio, and despite his high credit score, Mr. Lattas says he's going to end up with a mortgage rate that's a quarter of a point more expensive than the lowest rates available.
Further, buildings generally become more expensive to maintain after 30 years, and landlords need higher, market-rate rents to pay for those expenses.
While that works well in the short-term in the long-term it becomes expensive to keep paying the executive brought along with these companies at an executive rate of pay.
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This exceeds the average rate decline for all credit cards, meaning that they are now more expensive on an inflation-adjusted basis.
FORBES: Why Haven't Credit Card Rates Fallen Like Other Rates?
Lloyds acknowledged that it needed to introduce a higher SVR to make more money from its mortgage lending, as the cost of raising mortgage funds had become considerably more expensive and is no longer linked purely to the Bank of England's bank rate.
Sales of less-expensive blended Scotch were flat, while sales of single malts grew at a 7% rate and sales of superpremium Irish whiskey soared by 44%, albeit from a far smaller base.
On the student loan, I may be very ignorant about this, but if you reduce the rate of payment, doesn't that make the loan over time more expensive for the student loan applicant?
Morgan can do complex calculations that were prohibitively expensive and time-consuming, such as running a trade through scenarios for both interest rate fluctuation and market volatility, rather than looking at just one variable at a time.
More broadly, in the United States, for example, the dollar made artificially expensive by capital inflows related in part to its reserve currency status has prevented the exchange rate adjustment needed to balance our trade in goods and services.
The point that public education in California has become more expensive is well-taken, though, and it would be interesting to contrast its rate of increase with the rate of increase of higher education costs across the country and across public systems across the country.
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Having the discount rate higher meant that, in normal times, borrowing in the Federal Funds market would be less expensive than borrowing from the Fed.
The group said that the growth rate had slowed over recent months - in part because of the mild winter - but that the more expensive brands were performing better than their counterparts.
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