What the Fed Rate Hike Means for Your Personal Finances
Prepare for higher credit card and mortgage payments, eventually.
Five Takes on the Fed Rate Hike in 90 Seconds
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Maybe this time higher interest rates actually mean higher interest rates.
A year ago, the Federal Reserve lifted the key U.S. interest rate for the first time in more than nine years. Counterintuitively, mortgage rates then fell, and homebuyers had one more chance to refinance at historically low rates.