Mortgage Rates Have Doubled Compared to Last Year

The latest data we got from the fed suggests that revolving credit, essentially credit balances, spiked by about 20 % in april. That's enough to raise some eyebrows and also start to question, are we seeing some cracks in the consumer? The strong consumer has been the back one of this economy. But it's just unclear right now if this is a just a one off or a sign of a more troubling trend.