Give Me A Break! What's Going On With These Interest Rates?

If you’re hoping to buy a home soon, you’re watching the interest rates. With lower interest rates, your buying power goes up. So what is up with these mortgage interest rates? Why are they so high still? Interest rates are tied to inflation. As inflation rises, so do rates. The FED has done their best to fight inflation, but unfortunately their efforts have stalled out over the last few months. To be honest, it’s unlikely we’ll see any significant improvement over the course of this year. So what else could help with rates? Unemployment. If we see unemployment numbers tick higher, the FED may be forced to cut rates. We’re in a tough spot, because no one wants to cheer for people losing their jobs.
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