The days of the 4% 30 Yr. fixed Mortgage rates seem to be gone forever!

I read an article on CNNMoney.com today that was talking about all of the reasons why the 4% rates are a thing of the past...here is the article link: http://money.cnn.com/2010/12/30/real_estate/mortgage_rate_spurt/index.htm.  What does this mean for the housing market?  The article actually says that it will create urgency in the markets when the rates initially increase as they have over the last 45 days or so due to buyers getting off the fence and buying homes NOW!  I do agree with that initial assesment but I also believe rates will stay around where they are now as if they rise too much less people will buy...the old rent vs. buy scenario will come into play for some markets when rates rise to a certain level.  It could turn out that it is more affordable to rent then buy at that point.  All this means is get off the couch and call your realtor and mortgage professional ASAP.  You don't want to miss out on the low rates and low prices while they are still here together.