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 interest rate on a loan is based on the prime rate in effect on the first business day of the month, and it is fixed for the duration of the loan. Generally loans must be paid off within five years. If, however, the loan is for the purchase of a principal residence, the repayment period may be up to 15 years.