Page 20 - Borrowing Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In fact a 96% chance it will happen at next week's fed meeting. that will be the 4th hike since the financial crisis. what will that mean for your wallet? higher borrowing rates on auto loans, credit cards? mortgages? mortgage rates are at historic lows after less than 4% nationwide. in fact the lowest they have been all year. if you're looking to buy a house and refinance that's important information right there. >> now is the time. >> now it is. >> have a great weekend everyone. new day starts right now. waited all day for some big shoe to drop and there just wasn't anything. >> there's no...

>> exactly. >> we have to make sure -- >> that's why that pink book exists because what rana's question is funding the right stuff often winds up being the right stuff for that person in their own business. >> exactly. >> but the head line is you're going to start to see more and more dissociation between these indexes, you know, like the wall street -- >> yeah. >> stock market. >> and -- >> totally right. borrowing rates because the government's been dumping money into the economy for a long time and everybody knew the day was going to come. >> thank you. >> what do you say a little good stuf...

About it, very happy, the dow up 174 points. as for how this affects you, how this affects me, well, across the board, borrowing rates will go up. let's say you take out a new loan for a car or you have a variable rate credit card, expect those rates to go up. brooke? >> alison kosik, thank you very much. we've got about 45 minutes left to the close of day, 173 points up on the board. one columnist says only four candidates should remain in the race and everyone else should quit. find out who and why. plus, from trump's back slaps to ben carson's moment of silence and carly fiorina's one-l...

Million jobs have been added to the economy. >> let's go straight to alison kosik live on the floor of the new york stock exchange. what has the reaction been thus far? >> reporter: a lot of relief here on the floor, brooke. you know, the way investors and traders have been feeling about this, the fed has been talking about raising rates for the better part of a year. and when it happened, you heard one trader yell, ladies and gentlemen, we've got liftoff. finally and finally is really the collective feeling here on wall street because what this winds up doing is giving confidence to investors...

Borrowers but not investors, do you agree with that? >> this is a very small change. if we get a quarter point it is at 0 and things like mortgage rates don't reprice according to the rate that the federal reserve controls. and so at this point, no big changes for most people in terms of borrowing rates and loan availability and what you will paid on your savings as well. >> and on the investment, we would not see significant increase for two years and end of 2017. >> and that is in the federal reserve uses it as a series. and will they then go in a kind of steady progression hire or wait and ...