In short the link below states what I have been saying for the last year. We should see higher interest rates by next year. Since the FED will have to raise the yields across the board to have the major buyers of Treasury's come back into buying them! Read below Great Article!
Interest Rates are in the 4%'s for a 30 year fix loan, 20 year and 10 year loans. and the 10 year bond is at 3.21% as of 8:00 a,m. California time. I would refinance (If you can) to a lower rate and Cash out for a rainy day fund or if your in the market to buy I would do so now since when Interest Rates go up so will your mortgage payment if you buy down the line!
The Next Major Crisis Brewing -- Seeking Alpha
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