Great news for buyers! Average 30-year fixed rate mortgages at only 4.15% per Freddie Mac.

The downgrade of the United States' credit rating sure helped mortgage interest rates!  Wow!  The average rate on a 30 year fixed rate mortgage is now 4.15%.

This is certainly a great time to lock in a rate and buy a house.  You will likely be locking in your housing costs to the lowest possible point they could be for the near-term future given both low interest rates and low median home values.