Exactly How Fed hike will impact mortgages, auto loans, charge cards

Exactly How Fed hike will impact mortgages, auto loans, charge cards

WASHINGTON (AP) — Are mortgage rates going up? Think about auto loans? Charge cards?

Think about those rates that are nearly invisible bank CDs — any potential for getting a couple of dollars more?

Using the Federal Reserve having raised its benchmark rate of interest Wednesday and signaled the possibilities of extra price hikes later on in 2010, customers and companies will feel it — then over time if not immediately. (more…)

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