I posted this as a contrast to the post about housing ready for a second drop. What I find hard to buy into is the "no-brainer" that rates are poised to go up quickly when the Fed stops buying mortgage paper.

I don't see how rates can go up a lot, there's not a lot of demand for money out there.

Calculated Risk (http://www.calculatedriskblog.com/) one of the best real estate blogs around, thinks that rates won't go up very far - 30 or 40 basis points, iirc.