Mortgage rates continue to be choppy but ended the week unchanged. Housing Starts were down 4.3% and Building Permits were up 16.7%. Home Builder Confidence was unchanged for the third straight month in January. Existing Home Sales jumped 12% in December to a 5.28 million annual rate. Regardless, housing is slow, and continues to grapple with the “shadow inventory” of foreclosures. The National Association of Home Builders noted that the difficulty in obtaining financing and accurate appraisals continues to plague the industry. Currently, the 30 Year Fixed is 4.500% (4.661% APR) and the 15 Year Fixed is 3.750% (3.995% APR). This week is very busy with the State of the Union Address, the Fed meeting with the statement to be released on Wednesday, Q4 Gross Domestic Product, $99 billion of short-term Treasury auctions. We also have more housing data with Case-Shiller Home Price Index, New Home Sales and Pending Home Sales.