From HW Magazine
Fed rate hikes: No need for consumers to worry
Borrowers should be looking at other factors, not interest rate hikes
Factors that affect the yield on 10-year Treasuries will over time be reflected in mortgage rates. Two of these are inflation and economic conditions. We have enjoyed a low inflation environment for a number of years but if we had a bout of higher inflation it would lead to higher rates as investors in bonds require additional compensation for a loss in buying power.