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Reports from fellow mortgage professionals indicate lender rate sheets to be slightly improved from yesterday, which were pretty much the same as Friday. The par 30 year conventional rate mortgage remains in the 4.875% to 5.125% range for well qualified consumers. There are however a few lenders offering 4.75% at par, but that will require discount points be paid by the consumer. There is much more to come in the form of economic data tomorrow. We get two readings on the status of housing with the MBA's Mortgage Applications Index and then Housing Starts. The Federal Reserve will release Industrial Production data. We also get a report on inflation from Import and Export Prices. Later in the day the Federal Reserve will release the minutes from the last Federal Open Market Committee’s meeting which occurred on January 26th and 27. Market watchers will be looking for any new hints as to the sentiment of Fed officials and their economic outlooks. ...