Panic sets in as the media starts the hype on mortgage rates!

Really nothing to panic about in my opinion. Rates are just moving back to where they were 1 and 2 years ago before the big push to get our economy moving. Rates were at historical lows which meant there was only one way for them to go....UP!
Should this change your purchasing thoughts...no
I would hazard a guess that they rates will come back down again as they did last year as well. Then, like now, the media reported rates were going to rise, which they did a little, then came the lowering....just keep an eye on the market espcially if you are playing the "variable" game, don't panic, and move when your mortgage professional tells you.