Retail credit card interest rates spike to nearly 30%This year, rates hit an average of about 29% -- that's up nearly three points from last year.
Home sales have dropped to dramatic lows, families being priced out of housing marketFor the first time since the foreclosure crisis in 2010, home sales have dropped to dramatic lows. And climbing interest rates mean some families are being priced out of the market.
Federal interest rate hike expected to help with inflationFed policy makers know they have to start raising interest rates given the low unemployment rate and inflation at 40-year highs.