Rate rises are not a bad thing for banks, it is not all doom and gloom you know, the higher the rate the less people borrow for homes, however the more people get in interest putting there money into the banks and thus creating another stream of income for the banks, off setting the decline of mortgage borrowings. Also interest rates are still very low, nothing to get alarmed at and they will not rise to high for they fear of putting the already delicate markets into recession, it won't happen all is looking pretty sweet I think:) :) :)
