As discussed in this article from the Wall Street Journal on Friday, mortgage rates are rising and there is some concern that mortgage availability may be impacted as well. FHA loans may start requiring at least a 10 percent down payment, leaving the days of 3.5% down in the dust. This is a real concern in our local market, as the rule of thumb is that a 1 percent change in rates will result in an approximately 10 percent decrease in buying power. So stop sitting on the fence, get out there and find your next home!