Interest Rates Up

With interest rates at an all time low and pressure on governments to limit the money supply there is a very real likely hood that interest rates will rise this year. How much no one knows ... but what would you do if interest rates climbed a half, one or two percent?


If it has been awhile since you have visited this area of your financial life it might be a good idea to review the impact of rising interest rates on you cash flow, now while you have time to consider your options.


The Globe and Mail in December ran a online quiz to test your interest rate knowledge and it might well be worth your while to try it out.

Financial Feedback Interest Rates

Locking in the interest rate on your mortgage can bring some comfort, but it comes with a price.  Some are of a mind to float the rate to get best possible deal today while others are prepared to pay more now with the security of future cash flow.


This months Financial Feedback Questions is "How would rising interest rates effect your next mortgage renewal or home purchase?" (Make sure to check other responses after you complete the questions.)

How high is too high?

Interest rates are starting to rise ... how will you deal with increase on your cost of living?

For many with substantial size mortgages and balances on credit cards an small increase can mean the difference between dinner out and paying the hydro bill. 


The impact of increasing interest rates is one of the most overlooked risks when borrowing money. 


Why do we overlook or ignore something so obvious? Usually it comes down to two things ....