Mortgage rates climbed last week to the highest level since August as prospective home buyers don’t get the relief they may have expected after the Federal Reserve enacted the first interest rate cut in more than four years.

After waiting years for interest rate cuts from the Federal Reserve, home buyers are now facing even higher mortgage rates.

Unfortunately for prospective buyers, rising mortgage rates in the face of a Fed cut is a sign of a resilient economy.

Deciding to rent or buy is no easy task. There are pros and cons to both. But with interest rates at all-time lows thanks to the Fed’s mortgage rate changes, making the decision might be a little easier if you’re still on the fence.