Historically, each time the economy slowed down, mortgage rates decreased.
And while history doesn’t always repeat itself, we can learn from it. While an economic slowdown needs to happen to help taper inflation, it hasn’t always been a bad thing for the housing market. Typically, it has meant that the cost to finance a home has gone down, and that’s a good thing.
Read the blog post, What Does an Economic Slowdown Mean for the Housing Market?, to see that historically, each time the economy slowed down, mortgage rates decreased.
Contact me so we can discuss what this means for your homeownership goals.
