Mortgage rates are in the midst of a bit of a winning streak, but it's about as small and as neutral as winning streaks get.  Today was the third day in a row where the top tier, conventional 30yr fixed rate was at least as good a the previous business day.  The catch is that there's not much difference between today's rates and the recent peak from 4 days ago.   There's been a lot of momentum behind the notion that rates will continue to fall in early 2024 after dropping sharply in late 2023.  Instead, we've seen a classic, subdued correction off the longer-term lows from mid December.  The size and timing of the correction make great sense considering the size and timing of the big drop that preceded it. From here, the next thing that makes great sense is for rates to follow the guidance of the incoming economic data  first and foremost.  C