2016 interest rates

I've been combing through the old posts regarding interest rates am greatful for your alls discussions on the topic. 

 Initially looking at parks new park owners focus on becoming more comfortable looking and evaluating the properties but now with interest rates on the edge of a rise I was wondering if we need to be factoring a 12 cap purchase or at least a 12 cap after acquisition adjustments to keep in the black after a balloon comes due and we need to refi in 3-5 years.

I am not convinced that interest rates will be even a point higher than today in 3-5 years. What’s the data to support the argument? Yes it might be higher, but with a global recession I don’t see it moving much.