What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Interest Rates

Wall Street Journal, July 27, 2023-Rachel Louise Ensign (subscription)
In the depths of the pandemic, Alex and Cynthia Durbin refinanced their mortgage at 2.75%. They built up their savings by spending less, then paid off a car loan and student debt.
https://www.wsj.com/articles/what-fed-hikes-much-of-americas-consumer-debt-is-still-riding-ultralow-rates-e10ab199