Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.Quote by Martin Feldstein about home, time
Refinancing allowed households to take out cash to spend on other things while also reducing their monthly mortgage payments.Quote by Martin Feldstein about things
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.Quote by Martin Feldstein about commerce, interest
The car dealer always works-up a great payment plan for the car they know you need but can't afford.Quote by Edward A. Murphy about cars, need, contentment
It is said that everyone is in debt with a death, but people prefer to pay interest a long time for that debt, rather ever make the payment!Quote by Maria Pal about duty, interest, death, time, people