Are Rates Going to Increase?

Probably not.  Since November, the 5 year bond rate has decreased by .7%.  

The only problem is residential lenders have not reflected that in their own rates.  

Assuming rates remain in this range, we should see rates decrease accordingly over the next 2 months.

If last year rate increases put you on edge, it might be worth locking into a fixed rate in the next couple of months.