A Recession means Falling Mortgage Rates!
Six times in the past forty years, the US has fallen into a recession. Each time, mortgage rates have decreased. If history repeats itself, we can expect rates to fall again. This makes it an ideal time to buy a home or refinance an existing mortgage.
However, it's important to remember that historical trends are not guaranteed to continue. So while rates may fall, there is no guarantee that they will reach the lows seen in previous recessions.
Nevertheless, now is a good time to consult with a realtor and explore your options. With rates near historic lows, you may be able to find a great deal on a new home or save money each month on your mortgage payments.
Make sure to follow all our social media for more real estate tips!
Social Media Links:
Want to know your home's estimated value for FREE?
Please fill out the form here and we'll get back to you as quickly as we can!