Here in Indiana it is a really good time to buy a home. With the ample amount of housing, either being forced into foreclosure or moving out of Indiana it is a time to think about looking into
mortgages .
Seems that with the interest rates going anywhere form 5.3% - 6.41% you will be able to lock in a good to even cheap mortgages
Bankers and lending companies are making it so easy and appealing for either first time buyers or those wishing to re-finance to come to their firms that it is tempting.
I am one of the lucky ones though. I own my home out right so I have no mortgage payment

But I know that I could get a home loan on the equity itself.
For those that are seriously looking to buy a home, drop by Nations Finance. There is tons of information on all the various mortgages available. Not to mention they have an updated blog like feature where the articles that I read were very informative.
Take advantage of the low mortgage rates that are available. I doubt that in the upcoming year of 2008 these will be raised and obtaining a mortgage will again be hard to do.
Start planning what you can and can not pay monthly. Get your finances in order and start shopping while the going is good!