Mortgage rates faced upward pressure Wednesday as stocks moved higher. In economic news, December Industrial Production rose 0.9%, above the consensus forecast of 0.5%, but November results were revised lower. The January National Association of Home Builders housing index showed that home builder confidence declined from an 18-year high of 74 to 72, in line with expectations. The Fed’s Beige Book, a survey of economic activity by the 12 regional Federal Reserve Banks, will be released at 2:00 PM.