Fed Rate Hike Expected To Be The First Of Several

Dr. Dale Funderburk, Texas A&M University-Commerce interim dean of the College of Business and economics professor, says the likely Federal Reserve interest rate hike December 14 will probably be the first of several in the coming new year.  Dr. Funderburk says the effect on average people will not be immediate, but will eventually be felt in mortgage rates and for other loans.  But he says the effect will be helpful for people with low-risk investments, such as certificates of deposit.