"After years of decline to rock-bottom levels, interest rates are on the rise. The average rate for a 30-year mortgage was recently 4.35%, more than a point above the 2012 low of 3.3%," according to Money Magazine.
We all knew that record low interest rates could not last forever, but how do you prepare for what is to come? CNN Money highlights 5 things to know about rising interest rates in this recent post:
5 things to know about rising rates - Jul. 23, 2013