rick: mortgage rates you might have noticed are on the rise. what do these rising rates mean for the housing markets? >> consider this. home prices are up just over 10% according to industry analysts in just the last year. a moderate increase in mortgage rates they say will not hurt the housing recovery. according to freddie mac the average 30-year fixed mort age is 3.93% compared with a low of 3.31 last november. fears that rates will continue to increase has caused potential buyers sitting on the sidelines to jump into the market. >> i was waiting to see how low they would go. now i wanted to lock why they when were their lowest.