Mortgage Rates: Is Now the Time to Buy?


From a macroeconomic perspective, if you’ve been saving for a down payment, your credit report is in good shape, you feel secure in your employment, and you know where you and your family want to live, now is a good time to buy a house. That said, the devil is always in the details, and there are some smaller factors that could tip the scales in one direction or the other.

Mortgage rates are directly tied to the bond market, and bond traders keep a very close eye on inflation since it determines the demand for bonds, and as a result, what their investments will yield. When inflation is low, the demand for bonds increases and interest rates remain low. Because the economy has been and is expected to continue to be in low-inflation mode, investors can still make money taking the relatively lower yields bonds provide. This translates into lower interest rates for all borrowers and is of special interest to those considering taking out a very large loan like a mortgage.

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