Should I be buying a home now?

With the slight hiccup of one week, a prolonged fall in American home mortgage interest rates over the last quarter of the year must have many Americans wondering whether now is the right time to get out of renting and buy their own home.  At the same time, they may feel if they wait that little bit longer they’ll be getting an even better deal than they can get now.  With interest rates dropping and housing prices stabilizing, now is probably an excellent time to make that purchase.  Just when the media makes the housing problems look the worst, that's probably when we are near the bottom on pricing.  Perhaps thee will be a little further slide, but we should be turning the corner soon.