The Real-Life Impact Of The Federal Reserve Hike

The Federal Reserve raised interest rates again, as many worry inflation will lead to recession.

The Federal Reserve is bumping up interest rates again in an effort to curb inflation, as economists and Americans coast to coast worry about a recession. 

The more-expensive borrowing rate is expected to cool the hot housing market.

"Most of your first-time home buyers are gone," Eric Harmon, owner of Crosswind Home Inspection, said. "The home buyers that are left, they're going to be super qualified, but they can negotiate a little bit more. They don't have to waive all their inspections. They don't have to give away their firstborn just to get into a burning shack of a house."