With the recent rise of the benchmark federal funds rate, Karla Bowsher for Money Talks News suggests three simple steps individuals can take to reduce the impact on their finances.
- Look for a better credit card rate.
- Lock in a mortgage rate.
- Compare rates on savings (plans and funds).
This is the third hike in recent months following an eight year period where the rates were held in a range of zero to 0.25. For more information on how to best utilize these tips, read the full article here, The Fed Hikes Rates Again: 3 Steps You Should Take Now.