75On 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.
Special Sections
Expert Advice 121616
Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.
Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.Subscribe for this feature
By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.
Having trouble with comments? Learn more here.