Home buyers enjoyed mortgage interest rates below 4% for the first five months of this year -- and they even dropped as low as 3.6% in February.  But after rates started rising in mid-April, they did not stop at 4% -- they kept on rising, and stayed largely above 4% for much of June and July.

But no longer!  Just when you thought mortgage interest rates were going to keep on climbing, to 4.5%, 5%, 5.5%, 6% and beyond -- they dropped again!  The average mortgage interest rate for a 30 year fixed rate mortgage has again been below 4% for the past two weeks.

Despite numerous false alarms of interest rates getting ready to go up, up, up over the past few years -- it still has not happened.  I'm sure the rates will eventually go up, and yes, that will affect your monthly payment relative to your home's purchase price -- but for now, we can continue to enjoy these super (super) low interest rates below 4% -- yet again.