Housing and consumer finance expert Dean Wegner from Academy Mortgage in Scottsdale, Arizona expects to see a push of people buying homes in the coming months.

Since rates hit rock-bottom in 2009, it’s been a bit of a guessing game as to when the Fed would raise rates. With unemployment holding steady at 5%, analysts say the door opened wide for Fed Chair Janet Yellen to make a long anticipated move.

Who will this hurt the most? According to Wegner, homeowners who have second mortgages are sure to feel the pinch. He says it will also be felt in terms of auto loans and credit card rates.