The international markets have finally moved back in and the investor confidence is up again for mortgage backed securities since the announcement of a government bailout. 

This had a direct impact Monday on mortgage rates across the board.  What does this mean to the end consumer?

It means that you should be able to take advantage of those lower interest rates you were looking for.  It might mean you can afford more of a home and get a lower payment.  If anything this should be a wake-up call that consumers are finally in the best position to benefit from both great real estate prices and interest rates.