3rd week in a row that mortgage rates have increased. With economic news all pretty good, and some inflation news in the headlines, mortgage rates have been worsening. Still at 1 year lows, but off our lowest level on March 27th.

Mortgage rates worsened a little last week, and stock rallied for 5 days. I am thinking rates may worsen this week as well, with a potential China resolution on trade coming and Companies start announcing last quarter earnings. We also have housing data, inflation data, and Retail Sales for December. If all of these are good, Stocks should rally which will drive mortgage rates higher.
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Mortgage rates pretty much took last week off, and the stock market battled with a sell off. But this is an issue, typically, when stock tank, investors put their money into Bonds, and they did NOT last week. Lots of economic data to digest this week, mainly focusing on Housing. Still no reason to float rates, they are continuing to go up!