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.
The cost of a typical mortgage could jump by nearly Â£175 a month over the next three years, homeowners were warned yesterday. The Bank of England suggested interest rates are likely to rise to 2.5 per cent by early 2017 â five times the current level of 0.5 per cent. Such an increase would add Â£174 a month â or Â£2,088 a year â to a typical Â£150,000 standard variable rate mortgage.