If there was ever a time to to be a buyer the time is now!  Rates have fallen and a trusted lender forwarded weekend rates to me today which are as low as 5.375% with only standard closing fees.  The great part about this situation is that it makes sense for sellers too!  If you sell your home you should price it realistically for the current market.  That may mean your home won't sell for as much as it might have in our inflated market of 2-5 years ago.  However, if you sell and become a buyer then you can recoup any seeming shortfall because your new home will be priced to sell in our current market.  If you're thinking of selling--think like a buyer!