Bob Iaccino, Founder & Chief Strategist of Path Trading Partners, says the rising mortgage rates will discourage a certain amount of building in the housing starts. He says we have seen a rapid pace in rising costs of copper, lumbar, and raw materials of houses and sees less inventories due to these factors. He doesn't expect any rate changes from the Fed at the FOMC meeting, but thinks there could be commentary on the duration of what they are buying.