30-year mortgage rates hit their highest level in seven months, according to Freddie Mac. It was the fourth straight month that interest rates have risen, and it's the highest rates have gone in 7 months.

According to an MSNBC article, "Analysts said that last week's good news on employment, showing that the economy created more than a quarter-million jobs in February raised worries in financial markets about possible future inflation caused by stronger-than-expected economic growth."

Is the game up? Historically low mortgage rates have created a real estate bubble in California, according to some analysts. Rates going up, might just be the pin to pop the bubble.