Consumers: Mortgage Rates are Bias Up .... If you have a need, time to Act.

Previous mortgage cycles dictate once the yield curve steepens, rates gradually and at times pop higher.

We have seen the lows created by monetary policy and we thank the Fed for those low rate years.

For consumers: buying a home is a non-monetary decision given it meets a personal need for the family, your esteem, or financial security.  With limited supply, a strong equities market, and a promising employment trend; we expect housing values to continue a strong appreciation trend.

It is high tide, all boats have risen. 
Read: http://southeastmortgage.blogspot.com/2011/12/low-country-view-of-recessions-from.html