Best Practices for Hyperlinks

According to WebAIM these are the best design practices for creating hyperlinks.

Use link words and phrases that are unambiguous and that can be intuitively organized regardless of order
Place the distinguishing information of links at the beginning of a phrase. Screen reader users can skim pages by skipping through a list of links.
Put the function last as screen reader users would have to listen to the phrase "link opens in a new window" or "video tutorial" over and over again as they scroll through the list. They will have a harder time distinguishing between different links, or at least it will take them longer.

Phrases to avoid: "Link opens in a new window". Instead, say "Products (opens in a new window)"
Links do not need to include "link" in the link text
The alt text for a graphic does not need to say "link" or "link to."