Is now a good time to invest in muni bonds?

I've been hearing mixed opinions about muni bonds lately, and I'm curious what you guys think. With interest rates being what they are and all the talk about inflation, I’m trying to figure out if they still make sense for a balanced portfolio.

I like the idea of tax-exempt income, but I’m also worried about potential defaults with some municipalities struggling lately. Have any of you had success with munis, or are you steering clear of them right now? Are there specific factors you look at before jumping in? Would love to hear your experiences and thoughts!