Wednesday’s need-to-know money news

Today’s top story: What to do instead of worrying about the Fed’s latest interest hike. Also in the news: Why the Fed wants home buyers to face higher mortgage rates, staying off the beaten path for summer travel deals, and how college-bound grads could exit with nearly $40K in student loan debt.

Worrying About the Fed’s Latest Interest Hike? Do This Instead
Yes, the Fed just raised rates again. But take action rather than agonizing over what’s ahead for the economy.

Why the Fed Wants Home Buyers to Face Higher Mortgage Rates
The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up.

For Summer Travel Deals, Stay Off the Beaten Path
Summer vacationers should brace themselves for intense travel demand this season.

College-Bound Grads Could Exit With Nearly $40K in Student Loan Debt
College-bound high school graduates will amass thousands in debt. Many will share this debt with their parents.