Shaun's name origin is Hebrew, and the name Shaun means God is gracious. Shaun is an alternate spelling of John (Hebrew). Shaun is also a form of Sean (Irish, Hebrew).
Evaluation of higher interest rates. 1  Higher interest rates affect people in different ways. The effect of higher interest rates does not affect each consumer equally. 2  Time lags. The effect of rising interest rates can often take up to 18 months to have an effect. 3  It depends upon other variables in the economy.
The consumer does not have to worry about their rates increasing because the interest rate is âfixedâ. If the interest rates decrease, the consumer may have the option of refinancing, if the costs of refinancing are less than the overall savings. These loans are typically available in 15 year and 30 year loan options.