Interest rates do more than influence borrowing costs.
They shape behavior.
Few credit products respond to rate movements as directly as home equity lines of credit....
On paper, it makes no sense.
If lower-interest options exist, why would anyone willingly choose the expensive one?
Yet millions of consumers continue to rely on...
Mortgage refinancing thrives in falling rate environments.
In rising rate cycles, it transforms.
For decades, refinancing activity followed a predictable pattern: rates decline, borrowers refinance, volumes...
Debt itself has not changed.
How consumers manage it has.
Over the past decade, the tools, visibility and psychology surrounding debt have shifted dramatically. What was...
