Here is an article from realtor.com that discusses the recent raise in mortgage rates and the effect it will have on inventory and affordability .Essentially the more rates raise the less house price buyers can afford  which eventually will drive down prices.  In theory .

https://www.realtor.com/news/real-estate-news/era-low-mortgage-rates/?inf_contact_key=5760e41b39c685d8c5abf5d8172f73e4f3300b49acac8ad624451d3e398c8bec

Please feel free to call me.. I would be pleased to help.

John Kavazanjian

Signature International Real Estate

www.palmbeachrealestatesource.com

561 699 3004

jkavazanji@aol.com