Interest rates have been bouncing around over the last several weeks with an upward trend. Why you may ask? I believe rate fluctuations are based on a number of things, such as what's happening to the yield of 10 year treasuries, the Fed buying $78B in mortgage backed securities each month, but also based on financial data reported daily on the news. Here's an interesting article posted in today's Wall Street Journal that sheds more light on the answer.
"Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February".
http://www.mortgagenewsdaily.com/consumer_rates/299123.aspx
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