The fed announced interest rates would stay the same at 5.25%, unchanged since last june. observers view the neutral stance and other indicators from the Fed as opening the door to further rate cuts in the future.  This will be the case if economic growth decelarates later. 

As you can see rates will be down for the near future. I also believe that a bottom in the housing market is near and in some areas here.

 Investors; on the residential side, i'm currently buying single family homes in working class neighborhoods from around 195-250k. I'll rent these out for approx. 3-5yrs then sell. Hampton Roads will always have a market for this price range as we have many blue collar workers with families as well as military families.