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The Water Cooler
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rate hike
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<blockquote data-quote="garytx" data-source="post: 3821033" data-attributes="member: 49752"><p>It is a short-term problem. We have all been spoiled by overly low interest rates. Anything rates go up, people borrowing money complain. What the OCC doesn't say about the OGE bond is that when rates drop, the bond can and should be refinanced with a new bond at a lower rate.</p></blockquote><p></p>
[QUOTE="garytx, post: 3821033, member: 49752"] It is a short-term problem. We have all been spoiled by overly low interest rates. Anything rates go up, people borrowing money complain. What the OCC doesn't say about the OGE bond is that when rates drop, the bond can and should be refinanced with a new bond at a lower rate. [/QUOTE]
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