Mortgage rates hit 4%

Interest rates on 30-year fixed-rate mortgages rose past the 4 percent threshold in late February, the first time they rose above that amount in over two years. With inflation running rampant in the U.S. economy and the economy at large giving off healthy signals, mortgage rates are rising again after reaching all-time lows in 2021. This could signal a begin to a more balanced supply-demand market after years of severe low inventory.