Commentary: Planning Ahead - Investing When Rates Are Rising

Summary

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After decreasing rates 13 times from January 2001 through June 2003, the Fed raised interest rates in 2004 and is continuing this trend so far this year. From your credit card debt to your mortgage as well as your investments, higher interest rates can take a big bite out of your personal finances if you are not prepared.

Below are some helpful tips for dealing with rising interest rates and suggested steps you can take now to protect yourself:

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Extract

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Commentary: Planning Ahead - Investing When Rates Are Rising

Monitor your mortgage - It is important to keep an eye on your mortgage options during an economy of interest rate hikes. For example, if you have a 1-month adjustable rate mortgage, you may notice that y...

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