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Today's retail sales report suprised to the high side this morning and the markets are reeling in response. 

Expecting a modest increase of 0.2%, markets are reacting to an actual figure of 1.0%.  Perhaps this is the result of lower gas prices throughout October and November, or maybe it's an advance on the seasonal shopping.  If it's the latter, December's number should be relatively weak because of cannibalization. 

Less than two hours into the day, mortgage rates are up by 0.125%.

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.