But it's even stronger than that: a period of relatively stable prices and relatively low and
stable interest rates actually can feed financial excess.
North American economies have been characterized
by stable interest rates, strong employment levels and higher incomes, which have offset the weakness in the housing and auto sectors.
They include lower and
more stable interest rates, better education and training, and a reduced legislative burden on risk takers.
Investors feel encouraged to invest in economies
with stable interest rate policies and it is to Canada's benefit not to change interest rates too much or too often.
ARMs are perfect for borrowers who need a loan for a short time and mostly, borrowers who are set to sell their property in a short while or get renovations of a major nature done in the time period of 3 to 5 years do not need the security
of stable interest rates beyond that time.
Then, like now, an ongoing secular bull market was enjoying a deregulatory tailwind, a weak U.S. dollar, a
relatively stable interest rate environment, and solid organic real growth that led to a collapsing output gap.
«Household finances also remain strong, having benefited from robust growth, rising employment and low and
stable interest rates,» he added.
But this year, despite high consumer confidence,
stable interest rates, a booming stock market and low unemployment, sales of new vehicles are down slightly.
But this year, despite high consumer confidence,
stable interest rates, a booming stock market and low unemployment, sales of new vehicles are down slightly.The lower sales mean automakers are piling on the rebates, special lease deals and low - cost loans to keep most of the iron rolling, making the summer of 1997 a buyer's market for many family sedans, vans and even a few sport - utilities and trucks.
Fixed rate mortgages offer
a stable interest rate and predictable monthly payment for the life of the loan.
To obtain
a stable interest rate.
Stable interest rates, higher levels of consumer confidence, and improved home prices in most markets, according to the survey, which noted that move - up buyers had a market share of 55 percent last year, up 2 percent from 1995.
«Employment levels continue to improve, resulting in tight labour markets and increasing salaries; and
stable interest rates have led home buyers to feel confident that the cost of borrowing won't spike any time soon.»