Along with that now, interest rates have gone up. But interest rates are tied to the federal funds rate. And the federal funds rate is what when you hear the Feds raise the raise interest rates, that's what they raised. Now they raised a quarter at their last meeting, the first raise they had had in over three years. The expectation for May is raising it again, and half a percentage point. And then, there's another meeting in June and they're expecting to raise the expectations are another half a percent. And then there's another meeting in September, maybe August or September. It's right in that timeframe. And that one is still up in the air, it's either a quarter or half a percent expectation.So the feds are raising the federal funds rate and by raising the federal funds rate, the biggest negative to interest to mortgage rates, long term rates, not these short term rates that the feds are raising, but the long term rates, the biggest negative is inflation. And by raising the federal funds rate, what happens? No, what happens is that inflation is going to come under control. Okay, I probably didn't state it, right, I apologize. Inflation is going to drop due to the raising the federal funds rate, if you look back in the early 70s, middle, early 80s, early 90s 2019 99 to 2000. Again, in 2008, when all these recessions that we had, again, in like 2016, all these recessions that we hit, were due to inflation. And when the Feds if you look with it, they always say the inflation is transitory just like they did, that's the first thing they always say, the second then after they realize it's not then they start raising then it okay, it's not. And they start raising the federal funds rate. If you look at when they raise the federal funds rate back in the late 70s, and early 80s, they raise the federal funds rate to like 17%. And then three or four years later, it went to 20%. But it got inflation under control of the interest rates, the federal funds rate went up.Connect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!

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