If you were paying attention the "FEDS" did not raise nor lower the interest rates which has made a positive impact in the industry for the time being.

My thinking is that as long as the yard looks like a yard and can function as a yard (ie. junk-free, has grass & dirt), then it doesn't make much sense to invest heavily into landscaping like re-sodding or other projects.

Louis Fed (stlouisfed.org)

-Would the Fed actually RAISE rates?

The answer is clearly yes, not to be fair the 2010’s were probably a golden age for re investing, this is an especially tough period, so that gap feels huge, some of this is just a result of the pandemic and subsequent inflation, some of this is by design, the Fed wants to restrict investing and for you to put money into tresuries and cd’s not real estate & stocks.

Prime is directly tied to the Federal Funds rate which is arbitrarily set by the Fed.

You'll find the grass is not necessarily that much greener on the other side.

Most Fed members have just been repeating the “party line”: inflation is declining, but there’s “no rush” to cut rates with the economy and jobs market so strong.The jobs data didn’t help mortgage ratesNothing shocking from JOLTs.

When those illegal immigrant is working  it gives pressure to wage so it reduce inflation, but also reduce unemployment.Since unemployment is reduced, there's not much pressure for the Fed to reduce rate.

Expect to pay a few points higher from alternative lenders and less frequently will those loans be adjustable where you can benefit from the fed cutting rates.