One of the good things to come out of the recent housing market slow down is that mortgage rates have remained relatively steady, and in fact are starting to drop. According to Freddie Mac, the 30-year fixed rate mortgage,  is down to 6.4 percent from 6.43 percent.  The 15 year fixed rate mortgage is 6.06 percent down from last weeks’ rate of 6.11%.

Low mortgage rates helped fuel the recent housing bubble, so it is a good sign that home buyers are still able to borrow at a relatively low rate. This will no doubt help the market recover sooner, rather than later. Despite this good news though, home sales are still flat. Real estate professionals need to market their services more aggressively than they ever have in the past. A lot of realtors are turning to newer forms of promotion such as blog marketing, RSS and social networking.