The decision to purchase or sell real estate is one that should not be taken lightly. As a result, it should not come as a surprise that most people start researching their local real estate market months before making a real estate related decision. In addition to researching your real estate market, it is important to have a working knowledge of the mortgage rates including the murmurs of their rising. Specifically, according to the Home Buying Institute, Freddie Mac, the Mortgage Banks Association and the chief economist for the National Association of Realtors, it is anticipated that fixed mortgage rates will reach 5% or higher by the end of 2015. While these predictions are not a guarantee of what will happen, persons considering buying or selling their property should carefully analyze the impact rising mortgage rates will have on their purchasing or selling power.