The 4th quarter GDP revision to 5.9% was a little stronger than the previous estimate of 5.7%. On the other hand the inflation reading within the data was revised lower than previously thought. Also, posted Friday was the January existing home sales data from the National Association of Realtors. They reported a 7.2% decline in home resales last month when a small increase was expected. Most likely these reports along with the Federal reserves indication last week that they are not interested in raising short term rates any time soon, should keep the mortgage rates in their current sideways channel for a while longer.