Are you familiar with the Idiom You Snooze, You Loose? You most probably have herd or will hear this term more than once in your lifetime. My use of the term here means that if you let yourself get distracted from buying a home today you are going to kick yourself in the butt tomorrow for not taking advantage of today's housing market. Home prices are at an all time low, mortgage interest rates at an all time low, and the government wants to give you money, $6,500 and $8,000 tax credit for buying a home. If you snooze to long, home prices are going to go up, (in some market areas they already have); interest rates up, (expect mortgage rates to rise. A government effort to keep rates low ends soon, and the market will sink or swim on its own) and the government $6,500 and $8,000 tax credit program ends, (which by the way is April 30, 2010). When is a great time to buy a home? Today!