Finally, after the real estate market started to decline in 2009, we have found some positive news regarding the housing market today, according to mortgage giant Freddie Mac's U.S. Economic and Housing Markeet Outlook for August!

1. The unemployment rate showed a decline and is coming in at 9.1%.

2. Borrowers are paying nearly $130 billion less in mortgage interest, during an annual comparison.

3. Mortgage rates on a 15-year fixed rate loan was down to 3.5% early this month. As this is a popular choice for refinancers, this low rate is great for continuing the refinance market.

4. Home prices are down 25% as of June, compared to five years earlier.

5. Interest rates on 30-year fixed rate mortgages are down to a rate not seen since the early 1950's, and are expected to remain low.

It's refreshing to hear some GOOD news about the market today!