Mortgage Rates (5%+)

[Ryan Beinner]

Hi BP Community,

I am looking to invest in a SFH (TurnKey) and my timeline to purchase is November/December of 2022.

With the fed increasing mortgage rates to near 5%, and assuming a .5% uptick each fed meeting until the years end (reaching potentially 7%+), is now still a good time to invest in TurnKey ?

Choosing TurnKey for lack of time and to get my feet wet in the game. But now should I wait for supply to increase and rates to lower? Or do REI pro's still outweigh the cons of high rates?

Any and all feedback is appreciated.