http://realtytimes.com/rtpages/20090407_realestateoutlook.htm "To put it bluntly: Median priced houses haven't been more affordable to more households in decades! "
"Mortgage rates continued to drop last week -- even from the record lows the week before, according to the Mortgage Bankers Association. Thirty year rates now average just 4.6 percent and 15-year fixed loans average 4.45 percent with about a point. "
http://www.nytimes.com/2009/04/07/business/economy/07credit.html?_r=2 "Home buyers are seeing some benefits of the credit thaw.
Interest rates on a fixed 30-year mortgage fell to 4.61 percent for the week ending March 27, the Mortgage Bankers Association reported, their lowest levels on record. Last year, before the government and central bankers intervened to lower borrowing costs, mortgage rates were more than 6 percent."