Rates faced upward pressure Wednesday following the release of mixed housing data. October Housing Starts fell 3% to an annual rate of 1,009,000 units, below the consensus forecast of 1,025,000. The weakness was in multi-family units however, which tend to be volatile from month-to-month. Sincle-family units rose 4% to the highest level since last November. Building Permits, a leading indicator, rose 5%, exceeding expectations. Detailed Minutes from last month’s Fed meeting will be released at 2:00 PM.