Mortgage rates get worse mid day

Retail Sales came in higher than expected. December numbers were up .2% percent. In addition, today Fed Governor Plosser spoke out on Fed policy. He believes the economy is on much firmer footing today. He attributes Decembers lack of job growth to the weather. He expects the unemployment rate to drop to 6.2% before year end. Plosser also stated the lack of participation in the economy probably can’t be helped by Fed policy. Mr Plosser so wants to be famous. By ringing the taper bell today he did accomplish a pullback in the bond market. Mortgages are widening from treasuries .