Long term rates (mortgages) are expected to rise later this year or into 2016 but it all depends on the Feds, world markets and the mortgage backed securities market.. The Feds are expected to raise rates about .25% later this year and that will take credit card rates up as well as home equity lines of credit, which are normally tied to the Prime Rate. So if you are looking to get a HELOC then act now as those rates will go up soon, but if it does go up .25% then the Prime rate goes to 3.50%, hardly anything to sweat about. But the Feds could continue to raise rates if the economy is heating up (inflation etc...) so expect those HELOC's to go up whenever the Feds raise rates. Nothing is guaranteed, but the consensus is that rates will increase in the near future.