Hold your nerve

The Fed is not going to raise rates. Nor is the Bank of England, or the ECB, or the BoJ or anyone that matters.

The back-up in long term rates is already having an impact on US house sales, and e same will happen  everywhere else. They'll scale back, but then hold at close to 0% for quite a while as the markets get used again to the "old normal" - ie no QE distorting long term interest rates.