[sourcery]

Why does the article assume higher mortgage rates?

Because very strong fundamental macroenomic forces are pushing rates higher. Examples: US trade deficits, US budget deficits.

Because interest rates cycle from high to low to high--and we've just passed the low point for this cycle. Rates have already reached historic lows. You thought such rates were here to stay, perhaps?

[Phaedrus]

You thought such rates were here to stay, perhaps?

We're back down into the 5's on the 30-Year Fixed, with rates being pushed up by signs of a stronger economy. Thing is, there is no inflation and THAT'S what drives interest rates.

[DannyTN]

"You thought such rates were here to stay, perhaps? "

No but the rates are tied to the growth of money, as well as the demand for money. It is not necessarily ordained that they go higher at this point.