Interest rates hold, yet mortgage rates rise....

From all indications it will be a banner year as far as profits for mortgage lenders given the news that Mortgage rates move sharply higher. It's ironic that consumer confidence being up based on the belief that the Federal Reserve will not raise interest rates have made housing more expensive. What affect will this have on the previously reported housing slump? That remains to be seen, especially given the warning that the interest rates for mortgages will continue to rise.