What to expect from rising interest rates

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAuUzeU.img?h=100&w=100&m=6&q=60&o=f&l=fConsumers who locked in their mortgage last fall or summer might be feeling smug following Wednesday's increase in flexible loan rates.But for first-time buyers and home owners looking to renew there is nowhere to hide from a rising interest rate environment.The big Canadian banks increased their fixed-rate mortgages to 5.14 per cent from 4.99 per cent last week, even before the...

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