Lots of good advice above...difficult decision to make responsibly. I lean toward buying the house now in a buyer's market before rates go back up as the economy levels out and (hopefully) improves. I believe that the $8000 tax credit for the first time buyer is good until CLOSING on or before 11/30/09...that might be tuff to do if your starting a house search just now, but not impossible with good rating and capital in the bank. Good luck!!
