I have a screaming yellow rain jacket from Performance. It has pit zips (velcro) and a hood. It is really waterproof, not that expensive and I have worn it in 50 degrees/rain. I also have a Craft rain jacket. It is really warm, has pit zips, but no hood. I wore it in the rain in Vermont, in the 40s. It is almost too warm, with the Gore-Tex. I also picked up a cheap REI rain jacket last summer. I bought it because it folds up into a pouch. It saved my life on my century, in a micro burst; the temps plummeted from about 75 to 58 or so and the rain was so heavy, we couldn't see. I did not get wet.