Mortgage Rates may be Headed Lower

U.S. industrial production dropped 1.4% in February. Production has now been down for four straight months, in five of the past six months and in 10 of the past 12 months.
Capacity utilization fell to 70.9% in February from 71.9% in the previous month. This matches the lowest level on record, set in December 1982. The drop in production was larger than expected. Economists had been anticipating that February's production would fall 0.9%.

Both of these drops should produce downward pressure on mortgage rates.