I was reading an article on CNN yesterday that quoted several economists as stating “Interest Rates are as Low as they are Going to Get”.  Based on all the contributing factors, interest rates will bottom out between 4.5% and 5%.  So for those of you who have be waiting for the best time to buy or refinance, this is it.  I would also venture to speculate that housing prices have hit bottom as well.  I don’t expect them to start climbing just yet, but I believe the drop is over.  March sales numbers for Portland are going to come in strong with the third monthly increase this year.  The rest of the Nation is on the same track.