Money How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates March 15, 2022March 16, 2022 Paul Davidson, USA TODAY Comments 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.