The third quarter showed strong economic growth and an increased GDP. As the economy continues to heat up, interest rates will be pressured to rise.

Jobless claims were slightly higher this week than expected, but still below 300,000. The strong labor market could contribute to higher rates in 2017.

Rising mortgage rates haven’t slowed down the market, as purchase applications were up 1% over 2015. Demand for housing remains strong, regardless of rates.

Existing home sales climbed in November to the highest level since early 2007. Sales increased 18.2% over November 2015 (the implementation of TRID).

FHFA’s Housing Price Index showed prices moderating slightly in October, but still rising. Prices were 6% higher than the previous year.