Interest rates and gas prices seem to be currently going hand in hand. Just when you think, ‘Wow, look how great these prices are, they can’t possibly get better,’ they do.

Gas is dipping below $1.90 in some areas and conventional 30 year fixed interest rates with some banks are at 5.5%.

Both of these facts make me seriously happy, in general. My minivan (or ‘The GOV’ as we call it, for Giant Orange Van) takes 19 gallons of gas, and I fill up a couple times of week. So at the peak of gas prices this summer I was paying like $78 for a tank of gas. Now I’m down to about $37 a tank, or a savings of $82 a week!

The dipping of interest rates is also awesome. Based on a $200,000 loan, the monthly payment with a 6.5% interest rate is $129 a month more than a loan with a 5.5% interest rate. That means my clients can afford more, or are just way happier with the payment they will be making.

So here’s the negative in my life. You know we are building a new house:

to be done at the end of the year. We had a 60 day interest rate lock at 6.25% because interest rates had jumped up to 6.85% (my loan officer locked me just before the repricing came out). When rates got down to 6% last Friday and I had heard talk of repricing for the worst, I made a call to my lender and decided to do a one-time float down to 6% and just be done with the whole thing. I also resolved to quit looking up rates on a daily basis and just be happy with 6% (a really, in general, awesome rate). But then rates came out today SUPER low and I got like 10 emails and several tweets shouting at me that interest rates are now lower than I actually locked at. Boo.

However *deep, mature breaths*, the point is that 6% is an awesome interest rate all in itself. My parents tell stories of 12-15% interest rates in the 1980s. Historically speaking, we are still in awesome shape interest-rate wise. (This is what I will continue to tell myself, regardless of if the interest rate are down at 4.25%.)