comscore Expert Advice 121616 | Honolulu Star-Advertiser
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Expert Advice 121616

On Wednesday, Janet Yellen, Chairwoman of the Federal Reserve announced the raising of the benchmark short term interest rate by another .25%. This brings the total increase of .5% in one years’ time with more expected for 2017. The raising of this benchmark can directly affect Home Equity Lines of Credit(HELOCS), auto loans, credit cards and even student loans.

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