Will hard money interest rates change?

[Meredith Von Kleydorff]

Do you think there will be a shift in hard money and other investment loan interest rates on average as conventional mortgage rates continue to rise? Im in the Atlanta market and from what I see hard money interest rates are on average around 8-13%. With conventional rates around 5% and projected to increase more this year, will this have an effect on the interest rates for hard money loans? Would love to hear some opinions on why or why not. Thanks in advance!