Mortgage Market Direction - Act now before rates go up!!

Last week Frank Nothaft, vice president and chief economist at Freddie Mac was quoted with "Mortgage rates fell further this week following a lackluster employment report for March. The economy added just 88,000 net new jobs last month, about one-third as many as February and the fewest since June 2012. In addition, approximately 496,000 people left the workforce causing the unemployment rate to fall to 7.6 percent. Further, average hourly earnings were unchanged in March, indicating income growth remains tepid."

Tuesday is the big day this week with CPI, Housing Starts, and Industrial Production reports all being released. The Fed's Beige Book will come out on Wednesday. Philly Fed will come out on Thursday. Empire State and Leading Indicators will round out the schedule on Friday.

With rates still at very low levels, the housing market is beginning to heat up. Now is the best time to meet with your mortgage professional to discuss a mortgage solution to meet your financial goals.