Rory Robertson Quotes
The thing that helped the economy so much was a drop in interest rates, which meant lower mortgage rates, which meant consumers have been able to tap the wealth in their homes by refinancing and taking equity out of their homes. With rates having backed up so sharply, refinancing is not such a bargain any more. 
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Helped | Economy | Drop | Interest | Rates |
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I think the back-up in rates should rate a mention -- it's the most significant thing that's happened to the economy in the past seven weeks.
- Rory Robertson
