Higher interest rates: How they affect consumers, investors

Interest rates have risen considerably over the past couple of years. But what does this mean to you, as a consumer and investor?

From a consumer’s standpoint, it’s not hard to see the effects of higher interest rates. If you want to take out a mortgage or refinance an existing one, you’ll find that it’s considerably more costly, in terms of the interest you’ll pay, than it was a few years ago.

And the same is true of car loans and credit cards. Paying these debts at higher rates can affect your cash flow, so while rates are high, you may need to make some important OCUS