Is time running out on the long-running mortgage rates decline of 2009?

While rates have been steady for a while,  the long-term outlook could look more and more like an inflationary one, which should trigger higher mortgage rates before too long. That means higher interest payments for mortgage customers.

Opinions as to where our economy is headed for are conflicting and even contradictory. Some claim that deflation threatens our economy.  Some, on the other hand, believe that the real threat to the U.S. economy is inflation, even hyper-inflation.

I tend to believe that once we are truly out of the current recession ("Main Street" recovery, not "Wall Street"), and unemployment is back to average historical level ( it may take a few years,) our economy will experience "contained" inflation.  Increased global demand for agriculture commodities, and higher oil prices due to systemic weak dollar, will force the Federal Reserve to raise rates to keep rising inflation at bay.

That's why sooner than later rates are poised to rise.

Here is my question.  How long will it take for mortgage rates to go up again, and why?

I look forward to your comments and opinions.