w why l. bean is throwing an old policy out the window. >>> and a sneak peek at what your coffee shop may look like, can you say nitro brew "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. >>> if you're looking to buy a home and need to take out a mortgage, beware, it's getting more expensive mortgage rates have been on the rise since the start of this year and have really been taking off in the last week, but will they continue their climb and what does it mean for home buyers and seller this is spring diana olick has some answers. >> reporter: the timing couldn't be worse just as the spring housing market kicks off this presidents' day weekend mortgage rates are moving higher faster and buyers were already facing higher prices amid strong competition. >> there's simply not enough homes to go around for people looking to buy them. >> reporter: this half million dollar denver home went on the market on a thursday and already had three offers