SIOUX FALLS, S.D.(KELO)- Sioux Falls is experiencing record population growth.

That means there are more first-time home buyers.

Dave Kelly with Fairway Mortgage

Sioux Falls is nearing the $1 billion mark for building permits issued this year.

An all-too-well-known culprit is increasing mortgage rates for local and national homebuyers.

Dave Kelly from Fairway Mortgage in Sioux Falls.

If you’re in the home buying market, Kelly suggests finding a mortgage banker or broker who you can trust.

Kelly says there is a lot of information on mortgage rates that can be misinterpreted.