Generally, a 169 IP address means that your computer wasn't able to talk to a DHCP server. Usually that means that your router is wedged and needs to be rebooted, or that your Wi-Fi isn't working at all. A good starting point is to reboot your router and your laptop.
What is a loopback address and what is it used for?
Addresses on Loopback. For IPv4, the loopback interface is assigned all the IPs in the 127.0.0.0/8 address block. That is, 127.0.0.1 through 127.255.255.254 all represent your computer. For most purposes, though, it is only necessary to use one IP address, and that is 127.0.0.1 .
What is the use of loopback IP address in router?
A loopback interface is not a physical interface like Fast Ethernet interface or Gigabit Ethernet interface. A loopback interface has many uses. Loopback interface's IP Address determines a router's OSPF Router ID. A loop back interface is a software interface which can be used to emulate a physical interface.