Alva Review-Courier -

WASHINGTON (AP) — If you're about to buy a home, shop for a car or borrow for college, the pros have some advice:

Go ahead.

The Federal Reserve's decision Wednesday to slightly raise its key interest rate, advisers say, should have little immediate effect on mortgages or auto and student loans. The Fed doesn't directly affect those rates, at least not in the short run.

Nor should the economy's health be much affected by the Fed's move. Wednesday's rate hike, Fed Chair Janet Yellen said at a news conference, is a "vote of confidence in the economy."

That said, rates on some other loans — notabl...