A typical increase of 1 percent for mortgage rates could drive homeowners to pay more at their monthly installments: sometimes hundreds of dollars more than is tolerable.
On the other hand, an increase in interest rates may favor savers.
The reduction in economic activity causes insecurity in jobs and loss of income, which automatically affects personal finances

A typical increase of 1 percent for mortgage rates could drive homeowners to pay more at their monthly installments: sometimes hundreds of dollars more than is tolerable.
On the other hand, an increase in interest rates may favor savers.
The reduction in economic activity causes insecurity in jobs and loss of income, which automatically affects personal finances