4 ms·US mortgage rates hit 5% for first time since early 20117 points by yblu 4y agojleyank 4y ago10 1/4 percent fixed-rate mortgage in 1988. 5%, while a tidy sum, is nowhere near they've been.yblu 4y agoWonder what will happen to house prices. Flatten out or drop soon?blinded 4y agoPeople still moving to lower cost areas, so houses in those areas likely to not change much until inventory improves imo.blinded 4y agoAlso the rate is still lower than the inflation rate.