BUFFALO, N.Y. (WIVB) — The federal government’s recent increase of interest rates will impact how much you’re paying for your mortgage.

Pair that with record high home prices, and the cost of living is becoming less and less affordable in the U.S.

Tony Ogorek, founder and president of Ogorek Wealth Management, joined News 4 at 4 Monday to talk about it. The full interview is available above.