text: Interest rates have been going up in the States for a while and finally have started upwards here too. I think that slow but steady rate hikes would be the best medicine as it will not wipe people out quickly and it allows time for habits to change. I'll have a laugh when all those BMWs, Mercs, Audis, etc. start disappearing off our roads but I don't want to see anybody but the truly foolhardy losing their houses.