That means an investment with a duration of six years could lose up to 6 % if interest rates increase by 1 %. (hartfordfunds.com)
All of this (fearing bond price declines because of interest rate increases) only matters if the mutual fund plans to sell bonds before maturity. (toolsformoney.com)
If interest rates increase by a lot, you might not be able to make your monthly payments. (mybanktracker.com)