Aaron Freeman / Money Talks News
There’s nothing that better fits the definition of “double-edged sword” than rising interest rates. If you’re a saver, you love the idea of rising rates. It’s been years since we’ve had bank accounts and other safe havens paying more than a pittance. But if you’re a borrower, you’re no fan of rising rates, since that means paying more for everything from credit card balances to home mortgages.
