It wasn’t that long ago that we began 2019 with the constant fear that rising mortgage rates would be disastrous for the housing market. Of course, economists and analysts have been saying that for years and it has yet to become a reality.
Sure, there are many things that could sabotage the housing market but higher interest rates is not one of them. As a matter of fact, a top Federal Reserve official said this week that the Fed is ready to lower interest rates if the economy cools off or there are signs of a recession.
Hard to imagine the economy crashing with an unemployment rate well below 4.0 percent and an economic report showing there are more jobs available in the U.S. than there are people looking for work.
We are moving into the summer season, one of the busiest times of the year for home sales. So, if you’ve been thinking about buying a home the time is now. Prices have slipped a bit and mortgage rates are as good as they will be for a long time.
Read more on mortgage rates from Market Watch.
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