Interest Rates Are Expected To Increase Again

Investors brace for another big interest rate increase this week from the Federal Reserve. The hikes are having an effect on homebuyers.

Another interest rate hike is approaching to temper inflation, but it's flaring tempers for some who are afraid the dream of a big purchase is getting too expensive. 

"I would die to be a homeowner," said Heather Blanchet, who's looking for a home. 

Another three quarters of a percentage point higher interest means the standard borrowing rate to buy homes, cars and put money on a credit card is climbing.