Rates are on the climb and it seems the industry leaders are not sure why. Rates have increased over the last two week at a blistering pace. The standard 30 year fixed rate has increased from about 5.875% to just over 6..375% in a very short period of time. We all are expecting a market correction but who knows when. We have a good deal of information due out this week so stay tuned and see where rates are headed. Keep looking at gas prices as they will control the financial markets and thus interest rates.