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.
Interest rates are a function of a) inflationay expectations, b) perceived credit risk, and c) the supply of lendable captial relative to demand. So in a deflationary debt collapse such as we are about to experience, interest rates can rise to the sky as perceived credit risk rises, and as the supply of lendable capital implodes due to the "multiplier effect" operating in reverse as debts are liquidated. Inflation is not the only determinant of interest rates.