How Higher Fed Rates Stand to Affect Americans’ Finances | Business News

By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) – Record-low mortgages below 3%, reached last year, are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The substantial half-point hike in its benchmark short-term rate that the … Read more

How Fed Hikes Could Affect Mortgages, Car Loans, Card Rates | Business News

By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) – Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs – any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark interest rate as soon … Read more