I even set up a time to talk with her, just to pick her brain a little and see if there were other pitfalls I was unaware of. When interest rates rise bond funds will lose money, and those that hold long-term bonds will lose the most. Do not take the idea of "reapplying" as a justification to start online stalking someone. EXPECT ONLY THE BEST: At this point, you have to begin to faith it until you make it.