Mortgage Rates Hit , Highest Level Since 2009.br CNBC reports that home prices in the br United States are continuing to soar more than they have historically. .br Black Knight, a mortgage technology and data provider, estimates that 95 of the 100 largest housing markets in America are less affordable for the average homebuyer.br CNBC reports that figure was only 6 br at the beginning of the pandemic.br Additionally, 37 housing markets are br more expensive than they've ever been. .br Mortgage News Daily reports that the br average 30-year fixed mortgage rate, br which began at 3.29 this year.br reached 5.55 on May 2. .br CNBC reports rates could climb even higher following a Federal Reserve meeting on May 4.br According to Black Knight, if home prices increase br by 5 or if mortgage rates rise 50 basis points.