Interest rates are still at an all-time low.

Grumblings about rising interest rates may make you teeter on the edge of homeownership, but it’s all relative. While we may never again see interest rates hovering around 5 percent as they did in 2001 and 2002, prime rate is still at an historic low. In early March 2007, Freddie Mac reported the 30-year fixed rate at 6.18 percent, a lower rate than previously forecasted.

“In addition to getting low interest rates, homebuyers can take advantage of hundreds of lending programs,” say Yusuf Wasi of Countrywide Full Spectrum. “Years ago, homebuyers only had a couple types of loans to choose from, with strict requirements. Today, we can work with all types of homebuyers, even people with low credit scores, and still get them they funding they need.”