January Retail Sales Data may not help rates today...

After a couple days of low rates, we in the mortgage "circle" were hoping for the January Retail Sales Data report to come back negative...again, it's not good for the economy for negative reports, but for interest rates it might have helped. The expectations were a fall of .3% and it increased by 1%. Right off, that might lead us to believe that we would definitely see an increase in rates today. On the other hand, there was quite a bit of momentum in a bettering market towards the end of the day yesterday, and we have hope at the most, that rates at least stalemate today and don't go up.