Mortgage rates continue to move in a increasingly narrow range with a slight rise overall.  To put affordability in perspective:

The Median Home Price in Denver in 1989 was $94,000, the average mortgage rate was 10% and the monthly P&I payment was $825.  

In 2012, the Median Home Price was $176,600, the average mortgage rate was 3.4% and the monthly P&I payment was $626.  You can get almost double the price of the home for $200 less in a mortgage payment in today's real estate market.

There is no other example that shows the buying power of the market today!

Denver Home Mortgage Rates Effective February 20, 2013