Mortgage rates are holding fairly steady these days and are still quite affordable. It's looking like the best rate you can find on a 5 year fixed mortgage is around 3.19% which would put a monthly payment at $484.15 per $100,000.00 of lending on a 25 year mortgage amortization.
For Example, if you bought a condo for $300,000.00 and put 20% down (60k) the mortgage would be roughly $240,000.00 and the monthly payment would be 2.4 x $484.15 equalling $1161.96 per month.
I personally expect these to slowly creep up as the year progresses due to evidence of economic growth.
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