Amidst the ever present negative news about foreclosures, notices of default and write downs from Merrill Lynch & Citibank....guess what? Fixed mortgage interest rates are at their lowest level in two years. Yes, you heard it here first. The Federal Reserve is loosening the money flow. Lenders are working with defaulting borrowers to modify their mortgage terms. Congress is trying to pass a legislation raising the conforming loan limit to $622,000 (from $417,000) in California. The forces are in place to stimulate the real estate market. It's just a matter of when the impacts will be felt.