Mortgage interest rates improved slightly this past week supported by a weaker than expected October jobs report. Non-farm payrolls dropped by 190,000 on expectations that payrolls would drop by 175,000. The unemployment rate increased to 10.2, higher than the 9.9% level expected. The unemployment rate is at its highest level since April 1983. On the flip side, though, the job losses from the August and September employment reports were revised lower. Other economic data of note included the October ISM Manufacturing Index, September Construction Spending, September Pending Home Sales, weekly jobless claims, and Q3 Productivity, all of which were better than expected. The October ISM Services Sector Index was slightly weaker than expected.