I'm happy about it from the point of my money market with morgan stanley account.  And historically mortgage rates aren't terrible.  We were spoiled.  And honestly from an economic stand point it's the only thing that will stop this run away inflation is people stop spending.  

It is going to get worse.  Much worse.  Hold on to your hat and your coat. It is going to be a wild ride! 

The government does what they want, despite the hardships they are creating for many. My husband shopped a few days ago and brought home $400 worth of groceries. After bringing them into the house, I asked him "WHERE IS THE REST OF THEM?"

I was at the grocery store yesterday and noticed some things had gone DOWN! 

It's just History repeating itself. And like back the mid 70's & early 80's, this too shall pass!

They go up, they go down. I believe, and speaking with a doctorate in Econ, the rates have been artificially too low for too long. I am afraid the "affordable" housing segment is gone, because of buyers being priced out the past 3 years, so they purchased lower price points and renovated them with the surplus money they were approved for. Now fewer housing are being listed due to the cheap rates owners have and they've improved their home to a point they can't get in a new home or they don't want/need to move. 

Tough times for buyers.

The rate hikes will not stop. Prices are really concerning and will continue to trend up. Just hope the government doesn't shut down over the debt ceiling

Hi Will,

Not a surprise as The Fed only knows how to impact the demand side of the economy.  The inflation rate is dropping and will continue to do so as The Fed will continue with its course of action, but I believe inflation will linger at 4-41/2% as the administration continues its domestic war on fossil fuels coupled with OPEC+'s desire to keep the supply of oil limited to reap those big profits.  Only 46% of crude oil goes to gasoline production  and fertilizer, herbicides, and pesticides will continue to make things challenging for our food supply as they are derived from petroleum.  Our grocery store packaging and plastics are made from petroleum as well, not to mention just about everything else in our home:  furniture, cleaners, flooring, OTC and Rx drugs, about everything in the medicine cabinet, shoes, cars, and the list goes on.  

I buy mostly organic food and interestingly enough the prices haven't gone up much at all, maybe because they don't use synthetic fertilizer, pesticides, and herbicides?   I always look for things on sale and have started using those store coupons being mailed out. 

I really feel for so many of our families struggling to make ends meet.  The Fed's actions will not reduce high fuel, utility, or food prices as the demand for them is inelastic.  (Essentials with no close substitutes at a comparable price.)  The way to get inflation back to 1-2%, in my opinion, is a supply side solution without the possible pain inflicted by The Fed's demand side solution of raising the Fed Funds and Discount Rate.  

If things get worse this is a chance for us to be a blessing to those in need in our communities, not because it is good for our business but because it is the right thing to do.

Fed interest rate hikes are designed to reduce inflation ----- interest rates going up, at the Fed level, will bring prices down, along with mortgage rates.

As real estate professionals, we need to adjust to this economy, just like we have always done.  

The 100 year dread:  Will history repeat itself?

In the 1920's "Financial innovations allowed exuberant investment in the stock market, which supported rapid growth for many companies and the labor sector. But that same exuberance led to asset bubbles and an overheated economy. That eventually burst in 1929, signaling the Great Depression of the 1930s."

I am blown away every time I shop as well, Will.  Until inflation gets under control, the fed has said they plan on continue to raise interest rates. Hard to believe how quickly our country's economy has changed.

Perhaps we will slow down on the spending? It does have some positive benefits, Will.

I think that many potential home buyers are competing for the limited inventory of  homes in the hope of getting a home before interest rates rise even higher.

We are seeing multiple offers and over-bidding, again.

It all started with the idea that with a wave of the wand we could go green. That was the beginning of the end. Stay tuned, it will get worse!

It's crazy how much prices have gone up at the grocery stores and the profit they are making quarterly.

Making the rich richer is not to my liking either. How much money does one need? What is the point of being a billionaire? Consider that the prices we pay are not the true cost of goods but instead, what retailers & such can get away with. As to rates going up, there is politics driving it not the need for it. Despite all this, Americans still march forward. Consider also that in time, they will come down, and the refi market will take off. Money moves being made

Grocery prices as well as eating out have gone up. What used to cost us $40 for lunch at a nice cafe is now over $60. We typically go out to lunch a couple days a week vs. out to dinner. Now lunch cost as much as dinner used to!

Grocery prices have skyrocketed. It's crazy.

I dont give it a thought.

Would you rather have inflation or higher rates, the main tool that the economists use to bring down inflation is interest rates.

The way prices stay high and travel sets records as interest rates rise goes to show how foolish it was for the government to give out so much free money.  The only way out of the is to increase the world's supply of money.

Will Hamm Seems another bank is going belly up. Yes do not understand why the Feds want to create another banking crisis 

Not moving right now so not affected by mortgage rates increasing and happy to see our money market actually making some decent interest.