It’s been a difficult few years for first home buyers. Just when borrowing costs started falling in 2020, prices started rising sharply to offset any extra spending capacity buyers had. When the dust settled and prices started coming back to earth, mortgage rates had started to rise rapidly. The housing market stabilised early last year, and now we’ve seen mortgage rates start heading south. Where does that leave potential buyers, and is now a good time to pounce on that first home?