Rates Rates Rates….

With the continuing rise in interest rates buying power continues to drop, making buyers feel panicked and in fear of buying right now yet also in fear of not. Many have started to feel the weight of the interest rates on their shoulders and have rushed to buy a home before they continue to rise. For most of April and going into May, the interest rates will not see below 5%, which was the first time since 2019 that rates have been over 4%. The Federal Reserve launched a high-risk effort Wednesday to hopefully balance the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to 7% rate hikes this year. Click here to find out more. What are your thoughts? Will you buy or wait it out?