Praying for lower rates and a refinance party

Commentary: Strong jobs report will stave off recession

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Mortgage rates are about the same, just under 6.5 percent, but the ultra-indicator, the 10-year T-note yield, has gradually fallen from 4.7 percent last week to 4.6 percent.