Interest rates are good or bad depending on how you position yourself. Rising interest rates are good for some investments. Position yourself there, and you will do fine. The best part is that it will finally force the government to address the deficit. The worse part is that for homeowners, a rising interest rate climate till suck the equity out of their homes.
The worse part is that for homeowners, a rising interest rate climate till suck the equity out of their homes.
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How? ...If someone has a fixed rate mortgage, or if the home is paid off, why would an increase in interest rates cause a reduction in the equity of the house/property?