Interest rates have been at all time lows for quite some time now. Not only have interest rates been at all time lows but values have fallen at the same time, in the Santa Maria real estate market you can see homes in Santa Maria that have lost 70% of value from their peak. Which is the first time in American history where interest rates have fallen in conjunction with home values. Historically values and interest rates are inverse, basically when rates go up, values tend to go down and when values go down interest rates go up. [...]
