Importantly, almost all financial experts have been wrong about interest rates going up very soon. I remember the conversation with my advisor almost 8 years ago. Luckily, I did not listen to him.
Understanding how interest rates work is important.
If you want to get into the nitty gritty of interest rates here is a very good discourse on how interest rates work
Here is the link: http://www.iris.xyz/alternatives/are-higher-interest-rates-inevitable