Yes, Ingrid it is amazing how low interest rates are. The market continues to bounce between 4.5% on a 30 year fixed rate to 4.875%. If a borrower/buyer acquired a loan for $300,000.00 at a rate of 4.5% the principal and interest payment would be $1520.06 versus where rates have been in the past at 5.5%. On a loan at 5.5% the payment is $1703.37. There are several programs available to consumers that allow them to refinance to lower their rate even if their current mortgage balance is what the property is worth. These programs will be available until mid year next year 2010. For a potential new buyer the income tax credit has been extended to include repeat buyers in addition to first time buyers. The income tax credit of $6500.00 has been extended until April 2010. Interest rates are forecast to remain low for the next several months. An individual looking to purchase a home should find out what their ability to qualify is now so they can make an informed decision. Interest rates are a moving target and when the economy begins to turn around interest rates will rise.