Fed To Raise Interest Rate Today

Today, the fed could hike interest rates by three-quarters of a percentage point, the most significant rate hike in almost 30 years. Real estate expert Cliff Freeman says that much of a rate hike will drum up fears that the fed could be pushing the economy into a recession, and if that happens, we could be in for another foreclosure crisis. And Freeman says rising home prices and interest rates will shut more people out of the housing market.