The Fed cut interest rates again today.  Not so great if you're shopping for a CD or using money market accounts.  However I have a feeling a lot of people will start refinancing their homes. 

If you're buying a house for the first time- remember you can take up to $10,000 from your IRA without any penalty.  The $10,000 is still taxable.  IRS publication 590 will have complete information on the first time home purchase rule.