Overall, home shoppers and those refinancing have experienced low home mortgage interest rates throughout the year.  Unfortunately, mortgage rates have gone from excellent to just very good as of late.  The sudden rise in interest rates is likely the result of our current credit liquidity crisis, coupled with the continuation of declining home values. 

 

The $700 Billion government bailout program has done little to ease the aversion for mortgage investment.  In fact, home mortgage rates have been on the rise since president Bush signed the legislation into effect.  But on the bright side, home mortgage interest rates are still historically low, just not at the bargain basement lows of January 2008.