We have another rise on "interest rates" and for home buyers and many paying their mortgage it is a nightmare
It does have a knock-on effect and when many of us are on a tight budget anyway, and don't have too much spare cash, suddenly, interest rates go up and many cut down on spending on non-essential items.
This can lead to more businesses going out of business.
I know we have been there before and interest rates have fallen and it has helped a lot. But this time, it is going to be worse, as bills today are much higher in general.
1) Does this rise or the thought of future rises in interest rates affect you?
2) Or is it a great thing, as you have many thousands in the bank and a house fully paid for and the rise in interest rates can only make you richer over time?
3) It is good for the rich, or is there more to it?
nodisharmony
