I agree with most here… keep thinking about it but don’t act yet. Prices are trending lower. Open up a small deposit account with a credit union here in San Diego (there’s a boatload of them) and you’ll probably get the best borrowing rate when the time comes. I bet if you wait another 2-3 years you’ll be looking at a 5% fixed-rate mortgage and prices that are 20% lower than they are today. Just my opinion.
