Rates are just now getting back into the long term averages.
They have been artificially low for the last 15 years. Too many got too used to cheap money.
The year 2000 mortgage rate average was 8.1%.
9.5 was standard in 1985. Loans have been too cheap for too long. The Fed kept it low to push the inevitable correction into the future. The pols, being criminals, of course thought it was great.