Money minute: Don't ignore rising interest rates - 2005-02-10
You know what they say, a quarter-point here, a quarter-point there, and pretty quickly you're talking about real money. After the Fed's sixth quarter-point increase in short-term interest rates in eight months, consumers may start feeling a real pinch.
Mortgages: Begin with most Americans' biggest investment, their house. Short-term adjustable rate mortgages have been very popular for the past few years, but ARM rates have been rising in step with the Fed's increases.
Read the full story at AZ Central.com