most people have fixed rate mortgages that don't change with the Fed raises rates.

… “too much money” in the hands of ordinary people, so the way to fix t… “too much money” in the hands of ordinary people, so the way to fix the problem is to raise rates, which means they must pay more for mortgages, credit cards, student loans, business loans, and that’ll take care of it.
We’re Entering a New Economic Era — And It’s Going to Be Ugly
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Tim Knowles
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Sep 24, 2022
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most people have fixed rate mortgages that don't change with the Fed raises rates. You should not carry a balance on your credit card, pay it off each month.
TEK
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Written by Tim Knowles760 Followers
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Worked in our nations space programs for more than 40 years
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