In the design Editor, You Can edit Colors, Images, And Fonts.
If you select to edit colors, the "View Colors Of" Dropdown list allows you to select various aspects of the site. To Change Links, Select Global Styles.
Under Global Styles, the sixth option down is Links. There are 2 column, back ground and text. the text column allows you to change the color of the text links.
Under the lin ks option, you can change the hover colors as well.