Time again to check in on the average mortgage rates reported by Freddie and the MBA. Maybe they have some good news to go along with yesterday's incredible news about the improvement in unemployment....

The Census Bureau just released their report on home ownership levels and home prices for the 4th Quarter of 2011. The home ownership rate of 66.0% was 0.5 percentage points lower than the fourth quarter 2010 rate (66.5%) and 0.3 percentage points lower than the rate last quarter (66.3%).

Scary headline that leads me to ask if home prices falling or are they just continuing to bounce along the bottom?