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The Latest Fed Rate Hike And Its Local Impact

Chicago Traveler website

The Federal Reserve Bank board on Wednesday decided to once again incrementally raise interest rates --the third such hike in the past 13 months.

Northwest Indiana financial advisor Greg Hammer came on "Regionally Speaking" on Thursday to examine the rate hike's impact on Hoosiers -- ranging from mortgages, to credit cards, to student loans, to what'll happen on Wall Street.  He first looks at how mortgage rates can change over time.

Chris Nolte produces and hosts “Regionally Speaking” aired weekdays from noon to 1:00 p.m. He's also the temporary local "Morning Edition" host.