So I don't know if everyone has heard this, but yesterday the FED announced (for the first time ever) a specific timeline for interest rates. They have come out and said that rates will stay artificially low until 2013! This will mean close to a decade of superficial interest rates for the US. What does this mean for all of us? On a macro level, the government is trying to keep down the cost of doing business. Micro, car loans, big purchases and mortgages will continue to allow for more affordable payments. That said, Washington (more so banks) are going back to their roots and making qualifying for a mortgage more strict (relative to the subprime madness). My advice? Build your credit and take advantage.