Mortgage rates have been consistently on the rise as the Fed struggles to battle inflation.
With a recession looming in the distance, you might ask yourself: “Is now the right time to buy a house?”
It’s an understandable question considering how inflation has soared, house prices are high, and mortgage rates keep rising in response. No one wants to make a wrong financial decision.
But it might not be a bad financial decision to buy a house right now. Let’s talk through mortgage rates, how they work, and whether or not today is the right time to buy a home, given the state of the market.