What if mortgage interest rates slide even more?

(Reproduced with the permission of Mortgage-X.com.) Click to expand.

Freddie Mac reports that the interest rate for a 30-year fixed-rate mortgage stood at 4.51 percent last week, having fallen from 4.6 percent the prior week.

I cannot remember when the rates were not only so low but also persisted at such a historically low level.  But, as everyone knows, the amount of home sales flies in the face of such tempting rates.

Consider the chart above together with the two below for striking evidence