Volatility in the market has continued to shift money away from stocks to safer assets such as bonds and then reverse the trend taking money out of safer assets and buying stocks. We have seen some upward pressure from inflation as the Consumer Price Index (CPI) came in 1.4% higher than a year ago and was the highest since October 2014. As inflation pressure continues to inch slowly higher it influences mortgage rates to follow suit. While a stronger dollar and extremely low oil prices have countered some of the inflation, the upward surprise was not great news for those seeking to keep interest rates lower. The key indicator going forward may end up being the CPI as that will require the Fed to take a long look at the indication of possibly slowing down future rate increases even if the world economy struggles to right the ship.