Interest rates are now at the highest they have been for six years after the Bank of England voted to lift them to 5.5% on Thursday.
It is the fourth rise in just 10 months and the cumulative effect has added almost £90 to the cost of a £150,000 repayment mortgage.
The cost of borrowing on credit cards and personal loans is also rising, but some banks have been quick to raise the rates paid on savings accounts.
On Saturday's Money Box, we looked at what it means for you and spoke to Frances Walker of the Consumer Credit Counselling Service and Ray Boulger from mortgage brokers John Charcol.
State pension 'flaw'
Up to 500,000 women may be missing out on a full state pension entitlement because of flaws in the way National Insurance is recorded, it has been claimed.
Up to half a million women may have missed out on £1bn
Since 1978, women in receipt of child benefit should qualify for a system which reduces the number of qualifying years for a full pension.
But the Liberal Democrats and accountants Grant Thornton claim that many women have not had their details properly recorded.
We spoke to Liberal Democrat head of policy Steve Webb and Minister of State for Pensions Reform James Purnell.
Green energy at home
The idea of generating your own electricity and selling the surplus to your energy provider is potentially an alluring one.
Donnachadh McCarthy says he has one of London's greenest homes
There are several ways of doing it - one is by installing solar panels which harness the power of the sun.
This week the government announced it will start paying grants again for home owners who want to fit them.
Bob Howard reported on whether investing in renewable energy is likely to pay dividends.
Second State Pension
The financial regulator has said that 120,000 people may have been wrongly advised to "contract out' when buying pensions in the late 80s and will have a lower pension income as a result.
The FSA said there had not been widespread mis-selling
They are now being told how to complain but after a two year investigation the FSA also says it has found no evidence of widespread mis-selling.
Paul Lewis interviewed Vernon Everitt, director of retail themes at the FSA, and heard the continuing concerns of consumer groups.
BBC Radio 4's Money Box was broadcast on Saturday, 12 May 2007 at 1204 BST.
The programme was repeated on Sunday, 13 May 2007 at 2102 BST.