The Fed has been steadfast in their mission to combat inflation with rate hikes. They will continue this well into 2023 if not for the entirety of the year. Interest rates, although not directly impacted by the Fed’s rate hikes have relieved some pressures on Friday and moved downward, albeit slightly. The forecast is for more up and down signs of rates. If you are looking to buy, remember despite higher rates today, you can always refinance at a future date when rates are far more favorable.