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Whether you’re looking to obtain a mortgage on a home or looking to finance a vehicle, the rumored rise in interest rates could cause you to think long and hard before making such a commitment with your money.
In this episode, John Mints discusses the challenges that people from all walks of life could face with rising interest rates, and discusses ways people can be proactive in protecting themselves from the impact of a potential interest rate increase.
John discusses:
- The comparison between today and the 1980s
- What the housing market could look like in the near future
- How people who are at or near retirement are affected the most by interest rate increases
- The difficulties in borrowing money from the bank
- And more!
Related: Is a Market Collapse Imminent?