The news for buyers is very good and not so good. The very good news is, the interest rates are again under 6% which is absolutely great. The rate was 6.35% just 2 weeks ago. This may not sound big but it really makes a difference in the payments on your new home. This means about $33.00 per month less payment per $100,000. On a new home purchase for $150,000 you would be paying about $48.00 less per month than just 2 weeks ago. The not so good news is, loans are no easier to get and in a couple of weeks you will no longer be able to get 100% financing. 100% financing expires Oct 1st and who knows when, of if, it will ever return. For a while, at least, buyers will have to come up with 3-3.5% down payment.