The Federal Open Market Committee is expected to announce a .25-percent increase to the federal interest rate on Wednesday afternoon.
Hoosiers can expect to see increases in credit card and house payments thanks to a looming rise in interest rates.
The amount of uninsured Hoosiers fell to just under 12% last year.
StateImpact Indiana’s Kyle Stokes speaks to the associate commissioner of the Commission for Higher Education on the potential student loan rate increase.
Home interest rates are being advertised as historic lows, but to get those rates, realtors say buyers need above average credit.
Mourdock says that the U.S. will now see higher government interest rates, but the lowering of the credit rating will not greatly affect Indiana government.