Timing Is Everyting!

The recent 'bail-out' of Fannie Mae & Freddie Mac has sent typical conforming 30 year fixed mortgage rates down into the low 6% range and possibly into the high 5%'s! This means that buyers have more purchasing power (can afford more house for the same payment as before)!
We all know that prices have declined over the past few years, however with the current decline in mortgage rates (which could be temporary),this is one of the best opportunities I've seen to buy in quite some time.
Check with your local lender for exact rates & terms as they may (and probably will)change!