Over the past month the call to action has gone out for all those who have waited that perfect time to sell their home or were unsure of the best time to buy. Have you heard the big news about the Federal Reserve's plan to spend $40-billion each month buying mortgage-backed securities to boost the sluggish economy?The mortgage debt buying through QE3 will continue over the next several months, until measureable improvements to the economy are seen. Hoping this action will help strengthen recovery efforts of the housing market, the Fed wants to put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.As a home owner ready to sell or a home buyer looking to purchase a property, there has never been a more definitive time for you to make your move than right now. When the interest rates are low, buyers have more buying power and sellers do not have to settle for less. The ability to purchase more changes dramatically, even at a 1% lowered rate.For example, a home selling for $225,000 at a 4.65% interest rate has a calculated payment of $1,160.18 per month. With a 3.65% interest rate, or 1% lower, the monthly payment would be reduced by $130.90 equating to a housing payment of $1,029.28. This translates into another $28,615 of buying power.Whether you are buying or selling, it is a major financial decision that directly impacts you and your family, so in order to get the best deal, you must act quickly. Political gimmicks and election year aside, no one knows when this Federal Reserve spending will suddenly end. Yes, it has the capacity to disappear, maybe even right after the holidays and before spring is in the air.If you have been waiting for the right time to sell or purchase property, this is it. Now is the time to take advantage of this great opportunity to use this incentive to sell your home or buy the house you have always wanted.For more information on buying a home in Houston, please visit www.har.com/larryhernandez