This is a buyers market for sure. Right now the banks are offering the lowest interest rates of my life time. There are a lot of people that are having to lower there asking prices well below what they are worth because all the houses that are on the market are driving the prices down. But don’t just rush into a mortgage, remember its a 30 year investment. First off make sure you can afford the homes in the ranges your looking at. Your real estate agent or mortgage broker should be able to give you a good idea of what you can afford or not. When you figure all your monthly expenses and all that make sure you figure high on everything cause things come up and you want to make sure you don’t lose your house for any reason. Also shop around for your home owners insurance, if you try and go through the insurance company you have your auto insurance through you can usually get a nice discount. Make sure you have your money for down payment which is up to 20 percent of the purchase price unless your going with a F.H.A loan if your a first time home buyer, then there will be less money to put down usually between 3 and 5 percent. Purchasing a home is a big deal so make sure your not rushing into it. Make sure your financially ready and that you take your time to find a home that you are going to be happy in for a long time.