Is now a good time to buy a house?
Nobody can reliably time the market. The better question is whether the payment fits your budget, you plan to stay a while, and the price is in line with recent nearby sales. ListingCraft for Buyers shows sold comps and a price verdict for any home so you can judge the price in front of you.
Rates and prices change all the time, and trying to wait for the bottom often means missing homes that fit. Focus on what you can control: your budget, your preapproval and paying a fair price.
If rates fall after you buy, refinancing may be an option later; if prices dip, it matters less when you plan to stay for years.