The Fed prepares for more rate hikes while warning of housing bubble

The daily mortgage rate topped 5 percent at the beginning of April. This is happening for the first time since 2010. Property market volatility has prompted warnings from the Fed of a possible housing bubble.

This comes as the Federal Reserve has made it clear it intends to further increase interest rates through the end of the year. Recent statements from Fed officials make it clear that more rate hikes will be coming as it looks for ways to fight the highest inflation rates in over 40 years.

Read on for more details.