Interest rates continue to be low - hovering around 5% and lower and there is still time to make an offer on a house and still get between $6,500 and $8000 tax credit if you can get your offer into escrow by April 30, 2010 and close it by June 30, 2010.  All indications are that the interest rates will rise this year to above 6% by the end of the year. Even that is not a bad interest rate but 5% is better.  There really has never been a better time to buy in the Medford, Central Point, Eagle Point, White City, Talent, Phoenix, Ashland and Jacksonville, Oregon area