Fed raises rates

[Daria B.]

Just read the feds raised the rates. What now for RE investing?!?

This is an article I found on msn.com. 

http://www.msn.com/en-us/money/personalfinance/the...

I know that the HELOC I just got doesn't look that good anymore. :(

[Matt Motil]

Mortgage rates are tied to the 10-year T-bond, so this isn't directly tied to the rate the feds just increased. Most likely the 10-year bond will go up slowly because of this increase, but over time. 

HELoans will be fixed rates, so they won't be affected. HELOC's are typically tied to the prime rate, so they will go up. Credit cards, student loans and auto loans should all see an increase as well.