Behind The Mic With Joe Mathieu: Interest Rates Going Up?

June 19, 2013 11:00 AM
Behind The Mic With Joe Mathieu:  Interest Rates Going Up?
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" BOSTON (CBS) – The rebounding housing market has a lot to do with the lowest interest rates in generations.

But that could change when the Federal Reserve wraps a 2-day meeting Wednesday afternoon.

Nothing gets me excited like a good Fed meeting. Brings out my inner wonk. And while this can be pretty dry stuff you should pay attention because this it affects all of us.

The Fed has been working for years to keep rates near record lows.

But the cheap money cannot last forever. And with the economy showing improvement many economists think the Fed is about to let rates start rising again.

They’re already going up in the mortgage market "

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