Family finances: Get ahead of rising interest rates

Posted by: FCWGroup on December 20, 2015 Under: Home Refinancing |

Family finances: Get ahead of rising interest rates
After years of holding short-term interest rates to near zero, the Federal Reserve is expected to orchestrate a long-anticipated lift throughout 2016. Rising rates swing a dual-edged sword: Although savers can look forward to more attractive yields on …
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Local experts give advice on year-end tax planning
Those with balances on home-equity lines of credit also will see an increase in interest costs. While higher, these rates are still pretty darn low. However, if inflation unexpectedly picks up, the Fed may be more aggressive in raising rates, which …
Read more on Richmond Times-Dispatch

The Fed's Rate Hike: What It Means for Borrowers, Savers and Investors
These historically low rates on savings products won't jump higher overnight, but a higher federal funds rate will likely stimulate competition among banks and credit unions, and consumers may benefit from that. It may be worth looking for an account …
Read more on NerdWallet (blog)