When is the best time to buy the house?

Recently our BLR already reduced to 5.5% and I remembered one time it goes up to 6.75%. Due to this current situation they are an impact of positive response of the property especially in house. But based on my observation there are not much people realized on this matter most probably due to the drop of BLR is impact their job or probably their income. a few month back there are many manufacturing companies have shutting down their operations in Malaysia. Therefore the financial institution are aggressively generating their business by promoting their based package to attract the customers. Some bank are offerring BLR- 2.4 to the customer where it equivalent to 3.15% p.a. The attractive package is so much attractive and I still dont understand on why people still not buying the house now.
For example if cust A bought the house early last year. the best package is BLR(6.75)- 1 equivalent to 5.75. now the best package is BLR (5.5) - 2.4 equivalent to 3.15%. Customer will gain a saving about 2.65%. Just imaging the power of compunding. How much the customer could save.
Therefore I urge all my frenz to consider and think about it.