The RBI has cut the repo rate by 25 basis points. Though not immediately, the rate cut is expected to bring down the deposit and lending rates of banks and other lenders. If home loan rates are cut, many people are likely to take the plunge and buy a house. However, inflated home prices could prove a hurdle. Many buyers are not waiting for a cut in home loan rates but a decline in property prices. Click here to take a short survey to tell us about your home-buying plans.