[Rick Lee]

Scott, it sounds like you just had a typical sales guy who was trying to get the deal done to get his commission check. In the US I think we are most affected by LIBOR as a benchmark for some adjustable rate mortgages. I have one that's tied to LIBOR and it's so damn low, that it'd never make sense to refinance. I haven't watched it since last year, but will again as November nears - my adjustment date. But it's only gone down for me over the last three years.