"The view is that we are now in a friendlier rate environment."

Planning for future fiscal constraints and a lower interest rate environment is another priority, he said.

"When the rate environment goes up, we think it may be the most popular fund we have," he said in an interview.

But the rate environment is less important than matching a mortgage to your situation.

"And I am not so sure that in this type of rate environment you want to wait."

He added that if the present rate environment continues, "the company is likely to experience significant losses."

A fairly benign interest rate environment helped financial service companies.

Now it's trying to shrug off the higher rate environment, using profits as a rationale.

"That has served them very well in this rising rate environment."

We are six months into a rising rate environment and spending hasn't slowed a whit.