How are higher interest rates and rising prices affecting you?By Elisabeth Buchwald, CNN (CNN) — Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recentABC17News.com4d agoWhole story →BuildEconomyfederal reserve rate hike