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A long-term interest rate is the rate at which an individual or institution can borrow money for a period of time longer than one year. These rates are typically used for mortgages, bonds, and other long-term investments. They can be fixed or variable and are influenced by factors such as economic growth, inflation, and government policy.
The effects of interest rates are often not directly felt but play out over a long time as valuations of real-estate and other assets adjust.
At Horizon65, we created a mobile app that enabled you to check the effect of high interest rates on your savings and to simulate potential investments that can defend against it.