Mortgage Rates

Today's paper says mortgage interest rates are below 5%, 4.96% is unbelievable.  Take into account we have new 1700 square foot homes for $50,000 and up is incredible.  Yes we have thousands of foreclosures and short sales but then this is a BUYERS market.  SW Florida is a heaven for anyone, owner or investor who wants to purchase a house.  The job market is the only real problem as I see it. When people loos jobs and there are none to be found, keeping a home or buying is a problem.  Can we really adjust the price of a home bought in 05 by 40 or 50%?  Time will tell how this will all play out.  My goal is to help any and everyone who wants to buy a house.