What Do Higher Interest Rates Mean for California Homes, Cars, and Credit?

With the Federal Reserve giving strong hints that it will soon begin raising interest rates for the first time in three years, what are the key takeaways for Californians? Housing is likely to be more expensive; interest on credit cards, cars, and student loans is likely to go up; but interest on savings is not likely to grow much at all.

The good news is that the increases are expected to come gradually. Yet it will come as a jolt to the system with the end of the golden days of borrowing rates.  Read the analysis here.