Unemployment jumped to 6.1% from 5.7%.  This is the highest unemployment rate since 2003.

Mortgage bonds broke through their 200-day moving average yesterday and are not slowing up yet.  If we can hold this important line, we may see a continued improvement in rates.

In our Fed, Oil and You piece, we forecast some portions of this recovery.  We need to continue to address the growing credit problems in the US.  Rates are higher for people with lesser credit.  This is part of a Fannie Mae webcast that is a good primer on the issue.

The Credit Center has never been a more important resource.  If rates continue to dip, our current forecast is that only about 20% of our borrowers will avoid any Fannie Mae hits.  The Credit Disputes and Credit Optimization sections can be great resources for improving nagging credit items or lagging credit scores.