Interest rates below 5%? True.

Check out this story from today's L.A. Times regarding below-5% interest rates. Personally, I think interest rates are heating up the market more than the first-time buyer tax credit. Here are a couple of very interesting quotes:

But look out ahead: The Fed also said this week it would stop buying mortgage bonds at the end of March. Although that's three months later than previously planned, the central bank's withdrawal from the market is likely to push mortgage rates back up.

The FHA buyers are getting outbid by people putting down 20% or 30%,... "Houses are affordable, rates are low, but there's just not enough inventory."

I'll say.