The U.S. Treasuries mixed trading patterns have impacted best average mortgage rates as they continue to decline.

Economic news from the U.S. Commerce Department showed that U.S. business inventories in February were down 0.1 percent, the 13th straight month for inventories decline and are a sign that the nation's economic recovery could continue to be rather slow.

Recent economic reports include March Housing Starts, Building Permits, Consumer Price Index, and Industrial Production & Capacity Utilization, as well as the BTM-UBS Warburg report on retail chain store sales and Redbook Research report on retail sales for the week ended April 13th. to maintain economic recovery reports would need to be near expectations.

U.S. Industry Reports Industrial production rose 0.7 percent in March, the largest increase since May 2000, the Federal Reserve said Tuesday.

Output of utilities rose 1.6 percent while mining output fell 1.6 percent. Output of oil and gas drilling fell 1.6 percent and is down 31.3 percent in the past year.

Housing starts are at a record-setting pace. Still the Commerce Department reports housing starts fell about 8 percent to a 1.65 million pace from February's near-record 1.78 million.

the Labor Department reports the consumer price index rose 0.3 percent in March. This was smaller than expected. The core rate, which excludes food and energy prices, rose 0.1 percent.

Current news reveals the possibility of a rate increase is likely in the not so distant future. Current rates are still at records low. Consumers would do well to consider looking in rates before the predicted hike ensues. ------------------------------------------------------------

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