Just noticed mortgage rates have been climbing pretty steadily. Back in late March 2022, the 30-year mortgage rate hit 5.19%, up from around 4.96% just a week prior. That's a noticeable jump for homebuyers trying to lock in deals. The 15-year fixed was sitting at about 4.13%, also trending upward. What's interesting is that refinancers are seeing even higher rates at 5.29% for 30-year refinances. Experts were predicting this mortgage rate surge would continue through 2022 due to Fed rate hikes and inflation concerns, though they expected it to stay relatively gradual rather than spike dramatically. Even with rates climbing, it was still considered favorable for financing compared to historical norms. The mortgage rate environment in March 2022 definitely marked a shift from the record lows we'd seen in 2020-2021.