The rising rates mean con- sumers huggies overnites diapers may have to rein in their spending. Home equity lines of credit have been a major source of funding for big-ticket expen- ditures. That could in turn have broader implications for the economy, which has grown in part due to consumer spending amid record low borrowing costs. "There has been a false sense of financial security many con- sumers have been living under" with low interest rates, said Chris Viale, of Cambridge Cred- it Counseling Corp huggies overnites diapers. "I love the home equity, but it's got its pitfalls with the rates that go up and down. Basically it is just a glorified credit card,'' said Kim Merly, a part-time of- fice administrator who manages two properties that she and her husband, a construction contrac- tor, rent out. Like credit card rates, home equity loan rates have risen over the last year, much to the cha- grin of consumers whose rate of savings has dropped as borrow- ing money has become easy and inexpensive.huggies overnites
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