I agree that low interest rate for loans is really good for us. With that interest getting low, mortgage rate is also dropping here in the US. The rates on mortgages in the United States dropped to previously-unseen levels again this week. Federal lender Freddie Mac blames slower-than-expected economic growth for the drop. With interest rates remaining low, owning a home is the preferred option for most residents. And due to the economic downturn we have right now, these are the effects.