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Point in six weeks. >> the rates went up very dramatically. they went up very quickly. >> reporter: ironically an improving economy is to blame. >> unemployment is down. the stock market is doing really well. median home prices are up. people are feeling better. they're out there buying again. so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> b...

Again. >> if you are either in the market to buy a house or on the fence about refinancing, i would say, do not wait. >> reporter: mortgage rates are historically low but a sudden move higher, up half a percentage point in six weeks. not the rates went up very dramatically and quickly. >> reporter: ironically an improving economy is to blame. >> unemployment is down. stock market is doing really well. median home price is up, people feeling better, out there buying again. economy does well, you will see a rising rate environment. >> reporter: you will see it on your monthly payment. 3 1/2%, yo...

The same 30-year fixed mortgage will cost you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and income determine the rate you'll pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable so they're providing w-2s and federal tax returns and they have an excellent credit score, something over 700 or 720. >> reporter: a quick closing date also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock-in for 60 days and the longer you go out, the more expensive it will...

And shoot some deer. >> what else do we have here? >> binoculars, 10 by 42. you can find them for 150 bucks in a lot of places, 54 bucks, redhead, very nice brand and clear and-- >> did you say redhead? i see one of those, come on, stop down here. >> listen, what you're wearing, this is what we call our hooded angler jacket. >> this is cool, i want to show you something, this kind of old, right? this is a ten-year-old version that have jacket. ten years old. my personal jacket and i wear it everywhere and i've worn it thousands of times and $26 it won't wear out. >> i think that people forget ...