Hi, If you are presently renting the best time to buy is NOW. Mortgage rates are near historic lows and home prices look like they have firmed.
Every day you wait to buy your home you are throwing your rent money down the toilet and losing your home loan interest deduction.
Will additional forclosures come on the market and soften home prices… who knows. However, I do know that purchasing a home today is a sure thing.
When you get ready to start shopping for a home and mortgage check out my rate survey at: http://www.themtgmentor.com/Rate_Survey.html You will be surprised how I stack up to the Big Box Lenders.
