Rates are not rising right now, the 30 yr Bond has made a nice upmove, long rates are going down and have been for 2 months. The yield curve has once again inverted. If you look at 30 yr mortgage rates, they are less than what they were two months ago. It is speculation whether this will continue or not, but it is my belief that the Fed will be very hesitant to move short rates up again if the housing market rolls over. If they do not move short rates up next year, it is likely we will have a continued low interest rate environment for awhile.