Inflation has been raging at near record levels over the past year. In response, the Federal Reserve has been dramatically increasing interest rates to get it under control. Home mortgage interest rates have risen from the 2-3% range in early January 2022 to 6-7% currently, while interest rates on practice-related loans have jumped from around 3% up to 5-6% or higher.

As a result of these higher interest rates, many young doctors believe the risk associated with buying a practice has increased. Further compounding the perceived financial strain is the threat that the moratorium on student loan debt repayment is scheduled to end soon. Considering these factors, more young doctors are asking: “Should I delay purchasing a practice until interest rates come down?” 

From an emotional standpoint, these concerns are reasonable. Unfortunately, making financial decisions based on emotions can