More concerns on wall street about "credit crunch" are having effects on the markets.  The Dow is currently only down about 50 points, but the FED's announcement to pump capital into the ailing credit market in conjunction with more announcements about subprime write-downs have led traders to shift even more money into bonds, which is good for rates.  On top of that, there is concern mounting about retail sales as retailers have reported that, although the volume of shoppers was good, they were not spending as much money. 

Stay tuned for the rest of the weeks info.  If the economic reports back up this market wariness, expect even lower rates.

The 10 year note is approaching 3.90, and the Fannie Mae 30 year 6.0% note is improved by 10/32nds now on the day.