We have been waiting for just the right time to buy a home. Do you think the best time is still coming? Have you found the house you want with the space and amenities you are looking for? If so, this could be best time in years to buy it. Here why. * Mortgage interest rates have fallen to their lowest level in 60 years! Recently 30-year-fixed mortgages were down to an average of 3.84 percent, besting the previous record low of 3.87 percent. Experts quoted in Inside Mortgage Finance say consumers should not hold out for a lower rate, because it's not coming. Instead rates will steadily rise. * The housing market overall is improving. Existing home sales were up 5.2 percent from a year ago, according to the latest figures by the National Association of Realtors. Declines in home prices are just about at an end. * Strong demand is sparking nearly a 2 percent rise in asking prices recently, and it's part of a trend, according to Truilia. Depending on the part of the country and the home, today, it's not unusual for a seller to get offers to buy that are above the asking price. * Demand for home loans is also up. The latest data from the Mortgage Bankers Association shows applications for home purchases are on the upswing. In spite of the latest interest rate drop, economists at Freddie Mac still expect 30-year-fixed-rate loans to rise late this year to 4.25 percent or even 4.5 percent. So, I would say since home prices won't get lower and mortgage interest rates may be the lowest they'll ever be, that, yes, this the time to buy that you've been waiting for.