Interest rates began rising toward the end of last year and are expected to continuing going up incrementally throughout 2015. Here’s a primer for anyone wondering what they can and should do about rising interest rates.
Why do interest rates go up or down? Interest rates are essentially the price of money or, conversely if you’re talking about your investments, how much you get paid to invest. Without it, people would not be willing to lend or even save their cash, both of which require deferring the opportunity to spend in the present.