WASHINGTON, DC (WUSA) -- Home prices are on the rise and so are mortgage rates.
The historically low rate inched up more than half a percentage point in the last six weeks.
So, if you're in the market to buy, experts say you may not want to wait any longer.
Here's why, lock in a 3.5 percent fixed mortgage rate on a $250,000 home, and you pay about $898 a month.
But, that same mortgage could cost you $954 bucks at 4 percent.
And that can add up to $56 more a month or $672 a year.