Luck refers to that which happens to a person beyond that person's control. This view incorporates phenomena that are chance happenings, a person's place of birth for example, but where there is no uncertainty involved, or where the uncertainty is irrelevant.
Average rates on 30-year fixed-rate mortgages have climbed in recent weeks by about a quarter-percentage point, from 3.75 percent to almost 4 percent â about a $600-a-year difference on a $350,000 mortgage. Several sources of data suggest that buyers are paying more attention to the threat of higher rates.
Rates on U.S. government securities such as treasury bonds establish the benchmark for interest rates on all other types of loans. For example, if interest rates rise on treas â¦ ury bonds, interest rates on consumer loans, car loans and mortgages are almost certain to increase as well.igh interest rates play a role in mounting consumer debt. When  interest rates are high, more of a person's payment is being  applied to interest versus principal. Because â¦ of this, it takes the  consumer longer to payoff their debt. 3 people found this useful.