It's no secret that interest rates have been on the rise in recent years, and for many prospective homebuyers, this can be a cause for concern. However, it's important to remember that current interest rates are still relatively low compared to historical averages.

For example, in the early 1980s, interest rates reached as high as 18%. Today, rates are hovering around 5-6% for a 30-year fixed-rate mortgage. While rates have been on the rise, they are still well below the levels of the past.

Additionally, it's important to consider the current rental market. Rents have been steadily increasing in many areas, and in many cases, buying a home with today's interest rates is still more affordable than renting.

Furthermore, it's important to remember that interest rates are just one part of the overall equation when it comes to buying a home. Factors like your credit score, income, and the type of loan you qualify for will all play a role in determining your monthly mortgage payment.

In conclusion, while it's true that interest rates have been on the rise, they are still relatively low compared to historical averages. Furthermore, buying a home with today's interest rates can still be more affordable than renting in many areas. So, don't let rising interest rates discourage you from pursuing your dream of homeownership.