FastSaying
Most borrowers have some financial cushion so the impact won't be immediate; spending an extra $380 is manageable at first. But it's safe to say there are some who will find themselves in budgetary difficulties a year or two down the road.
Keith Gumbinger
Borrowers
Cushion
Extra
Financial
First
Immediate
Impact
Manageable
Spending
Related Quotes
In terms of how it affected financial markets, it did have an immediate impact, but I don't think it's long-lasting at this point until we know a little bit further what the situation is surrounding it.
— Carolyn Kwan
Affected
Financial
Immediate
You could go to almost any lender and for no fees find yourself with a decent rate.
— Keith Gumbinger
Almost
Decent
Fees
Does that mean (consumers will) stop borrowing because it costs them another $5 a month? Probably not. It may influence decisions. I don't think it halts decisions.
— Keith Gumbinger
Borrowing
Influence
Will
It doesn't sound like either of them got a particularly good deal.
— Keith Gumbinger
Deal
Either
Good
This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.
— Keith Gumbinger
Cash
Expect
Exposure