Interest Rates?

Does the movement of interest rates (both increasing and decreasing) affect a firms profitability and how.

any elaborate and fully explained answers will be greatly appreciated.

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does applying for personal loan affect ability to get mortgage modification?

My broker is looking into a mortgage modification for which he says I am eligible. I am also considering applying for a personal loan either from my bank or from a peer-to-peer lender. My question is; will applying for this loan negatively affect my mortgage modification and should I wait for it to be complete first? The loan is to consolidate high interest credit card balances which have recently increased rates to "maintain profitability" on the account.

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