Money How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates March 15, 2022March 17, 2022Paul Davidson, USA TODAYComments Off on How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates How the Federal Reserve's first rate hike in more than three years on Wednesday will affect credit card, mortgage, auto loan and savings rates.