Sky falling on Interest rates?

[Mike Hurney]

I've got Faith you've planned for this, as in Plan "B" for Rising Rates!

If this doesn't affect you, think again. Perhaps your end Buyers will be "flat-footed" (like the hitter facing his first knuckle ball) and a confused Buyer is usually a No-Buyer.

Rough time in the 10 year Tbill world. Rates went from 1.94 to 2.52 (6/21/13) the largest increase in a while, (past month), sometimes three in just one Day.
What's this mean to buyers?
e.g. A recent buyer with high FICOS and $108,000 to put down on a $525,000. Owner occupied Single family purchase saw their rate increase on a 30 year fixed from almost one and a half points with one Lender. Only a slight change in Buying power for this Buyer with excellent (low) Debt To Income ratios.

But to some that's a large erosion of buying power!
i.e. If they did have close ratios that would mean the loan now has a limit of $357,000 (about 15% less than the requested $417,000. loan)!

But what do the rest of us do now?
It's generally conceded that with rising Interest Rates you have 3 Options:
1. Pay more.
2. Have the Seller lower the price so You'll qualify.
3. Split the difference.
Actually 4 Options
4. Gamble that the rate will go back down, continuing to "Float" your Lock.

Think rates will go back down, plateau or rise???
Keeping in mind Bernanke's little publicized speech near the end of last year, that he was going to double the 10 year Tbill in the next 12 months.
So your thoughts on rates in the next half of the year?
Good Luck Investing, Mike