Rise in 30 year fixed interest Rates

[Jawad S.]

Hello Everyone,

As you all may know, the 30 year fixed has pretty much sky rocketed to 4.75% or so.

Does anyone know if this will cause prices to drop, continue to increase, but at a slower pace, or flat line?

I know that the higher the rate the lower the buying power and the more expensive the mortgage etc etc.

Thank You!