This is good news for all you home consumers.

Falling mortgage interest rates plus falling home prices equals greater housing affordability.

According to a recent CNNMoney article, the most affordable major housing market was Indianapolis:

Indianapolis was, once again, the most affordable major housing market in the United States. The median home sold there, already low at $122,000 during the previous quarter, fell to $113,000 during the last three months of the year. With a median income of $65,000, 89 percent of the homes sold were affordable to the average household.