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Don't wait!!!  Now is THE time to buy.  Rates remain at historic lows with some experts predicting an increase in the near future.  Higher rates could lower your buying "power" by the thousands!  We still have plenty of inventory at outstanding prices as well.  Please read the following article from the National Association of Realtors:

Interest Rates Predicted to Reach 6%

Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.

The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.

"Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it's hard to imagine that the rates can go much lower than they are," Crews Cutts said. "Anything we get at or below 5 percent is a gift at this point."

Source: Washington Post, Dina ElBoghdady (12/26/2009)