Mortgage Rates AGAIN Set New Record, Still No Housing Crash In Sight

The real estate news industry still seems almost comical in its inaccurate and exaggerated reporting.

Okay, here is a fact. Rates closed over 5% this week. Indisputable, and a new milestone.

Yet, as recently Monday, "experts" were mixed on when or if it would happen. MarketWatch polled "4 economist and real estate pros" and some thought rates would cross 5% in a few months, others thought never.

And, they were all wrong. The chief economist of Freddie Mac says rates are "likely to hit 5% by mid-year..." Ooops.