Joan- Are you a first time home buyer? There are a ot of great programs still avalable.
I am wondering what your source is for interest rates? They are still low...although a bit higher than during "the boom." It wasn't that long ago that folks were paying well into the double digits!
It's a perfect time to buy real estate. Rates are still relatively low, and if you're a renter, you rents will only go up. Don't forget the tax advantages of home ownership.
It's a great time to buy. Find a good Realtor to guide you. Good luck!