The Fed Purchase Program is ending in March and the MBS (mortgage backed securities) market will be an open canvas to new investors.
At the moment, the Fed is 92% complete with their program, and when they back out of it, this is going to attract investors that are going to require more yield. Well more yield for them means higher rates for you (and me).
Be on the lookout here in the next month or so as things progress and wind down.
