I get asked all the time "What are interest rates going to do in the future?" As we all know interest rates are high right now. The Federal Reserve is a separate entity that controls interest rates. In an effort to control inflation they raise rates to bring prices of goods and services down. As they get inflation under control they will start to lower the rates slowly as to not put the economy in a situation where prices go back up.
There will come a time when the rates will pivot and start to come back down. They always do. Your best best is to seek out an expert like myself that will help you decide when the perfect time is to buy or refinance.
Give me a call and we can strategize as to when that time is.