Buying a home is a big commitment and there are a lot of factors that go into making your purchase. One of the most important is the available interest rate at the time of purchase, which will factor into how much you owe each month for the rest of your mortgage. Buying a home during a time of economic turmoil is always a hard decision, but changes in the interest rates available for homes are starting to make a home purchase one of the best options available right now.

Home prices have been falling for some time, with home values at 40-50% of their peak in some markets. That means that right now you’re going to get the best deal available in years. Combine this with the recent drop in mortgage rates, and the prediction that soon rates will be at 37 year lows, you are sitting in one of the best buyers markets imaginable. The ability to get a home for a low price and not have to spend a great deal a month paying interest means you will pay off your home faster. As well, there are great incentives for buyers, ensuring you will not have to pay your closing costs in many cases, because the seller is so intent on moving the property.

The fact is, circumstances are unique, and its the perfect opportunity to get a great deal. Combine that with some of the incentives and other programs being offered by the government, more of which are likely to come with further bailouts early this year, and you couldn’t be more ready to make your home purchase. A good real estate agent can help you tap into the government programs, as well as help you find the best value at the moment, so start your search as soon as possible and have the chance to be involved in a uniquely good time to buy a home in America.