It's difficult to make precise predictions about where interest rates will be in 2023, as they are influenced by a wide range of economic and market factors. However, here are a few factors that could potentially impact interest rates in 2023:

  1. Inflation: Inflation refers to the rate at which prices for goods and services rise over time. When inflation is high, the value of money decreases, and interest rates may be raised in an effort to combat it. If inflation is expected to be high in 2023, this could lead to higher interest rates.

  2. Economic growth: Economic growth refers to the expansion of a country's production and consumption of goods and services. When the economy is growing, interest rates may be raised to prevent it from overheating and to keep inflation in check. If economic growth is expected to be strong in 2023, this could lead to higher interest rates.

  3. Central bank policy: Central banks, such as the Federal Reserve in the United States and the Bank of Canada, play a key role in setting interest rates. They use a variety of tools to influence the supply of money in the economy and to maintain stability in the financial system. If central banks are expected to raise interest rates in 2023, this could lead to higher borrowing costs.

  4. Global market conditions: Interest rates are also influenced by global market conditions, such as the level of demand for loans and the supply of capital. If there is strong demand for loans and a limited supply of capital in 2023, this could lead to higher interest rates.

Overall, it's important to note that predicting interest rates is a complex and uncertain task, and it's difficult to know with certainty where they will be in 2023. It's a good idea to stay informed about economic and market conditions and to consult with a financial professional to get a better sense of where interest rates might be headed. As always, I will keep you informed when it comes to these factors and others, and help you make the most precise decision for you and your family.