Another month -- and still no meaningful changes in the 30 year mortgage interest rate.  Since the beginning of the year, these rates have slowly edged downward, and have now been below four percent for most of the past three months.

This continues to provide a great opportunity for home buyers -- likely spurring on continued buyer interest in our local market.

As I commented to someone last week, I have been thinking mortgage interest rates were going to start increasing for at least five years now -- and I have been wrong for at least five years now.

Will they ever increase?  Possibly.  When?  How?  By how much?  It's anyone's guess at this point.  I think there is probably a 75% chance (maybe a 90% chance?) we'll finish out this year at or below 4.5% -- which is hard to believe.