Home sales in Southern California are exploding. There is LOTS of construction in Irvine (homes and office space) for the first time in years. Some ZIPs have less than 2-weeks of inventory. I just got back from Europe - Greece was totally DoA (except Mykonos parties), BUT Italy was absolutely packed with tourists and business everywhere seemed brisk. Turkey was absolutely on fire economically.
The best way to keep rates low now is to let air out of the equity markets. Uncle Ben is playing all of us like SillyMuppets.
I'm pretty certain that Uncle Ben will do nothing. That's what I would do - keep the powder dry for an adverse event like a strike on Iran, negative employment data, etc.