Lordy, lordy, lordy...

And from News 10 Now, a local New York TV station, we have Paul Messina reporting on: What's behind the rise in mortage rates?

“In 1982, 30-year fixed rates were 18.75 percent. Granted, real estate values weren't the same, but people were still buying at those times,” says mortgage broker Ellen Bitton of Park Avenue Mortgage.

Mortgage rates are still lower than they were five years ago. But why are they rising? Is it because of "the Fed" that we're always hearing about? Paul Messina will help to explain.

Bitton wants you to remember that even with the recent rise in mortgage rates, they are still lower than they were five years ago. But why are they rising? Is it because of "the Fed" that we're always hearing about?

Yeah, Paulie, please explain to us whether it's because of the "Fed" we're always hearing about.

And do you think Bitton who's getting paid on commission would actually have an incentive for people to buy houses inspite of higher rates? Or is she just blowing you under the table?