The Federal Reserve is expected to start raising interest rates later this week, and anyone who's ever bought a house — or thought about it — knows that if mortgage rates rise by much that will make it tougher to afford a home.
Homebuilders are watching the interest rate decision closely too. That's because this 100-year flood of a housing crash has been especially tough on them.
De Desharnais, a homebuilder in Nashua, N.H., says she's one of the lucky ones — her company survived the crash. But it didn't come without pain.