It would seem that buying a home in the current market conditions would be a logical decision considering that 'Interest Rates' are holding steady at all time lows and prices of homes dropping to more reasonable and realistic prices. Many Buyers are being patient, watching the market and waiting to find the perfect home. Some potential buyers may have been to their banks or mortgage brokers several months ago to see how much of a mortgage they qualify for but with tightening credit restrictions they now may not qualify for what they originally were told. It would be very beneficial for buyers to check back in with their lender and find out where they are currently. The home you have been waiting for may come available and you want to be properly prepared when it does.