While Searching for homes with buyers, I see much of the focus on the price of a home. The buyer should always look at the COST of a home, not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. With mortgage rates under 4%, your buying power can't get much better. In 2006, a $100,000 mortgage at an average interest rate of 6.4% would have cost $625 per month. The same $100,000 mortgage at current interest rates of 3.5% will cost $443 per month. This can be considered as a savings or as more buying power. Either way, the time is now to move up or become a home owner for the first time.