Are rising home equity loan rates affecting the economy?

Interest rates are hitting the skies – especially in the case of home-equity loans. So, what impact do these rising interest rates have on the economy? According to some experts, interest rates act like a throttle on economic expansion because they make it more expensive to borrow money. Sfgate.com reports:

Some experts say the pace of increases has been so measured and the economy is so strong that the impact will be minimal. Others see high interest rates as the prologue to a slowdown or even a recession.

Read more: How rising rates could affect economy