I was wondering what options do I have available to hedge against the inevitable/eventual rise of US interest rates?
One obvious action is to refinance my loan at the current interest rate. However I'm looking for an alternative strategy, at the very least, so I'll be able to compare the risks/benefits of the two. In other words, I'm wondering if there are financial instruments available to the general public that take advantage of today's low interest rate to offset a future rise in interest rates.
Is there an interest rate swap that I should look into that will allow me to mitigate an interest rate rise I expect in the next few years?