Is It a Good Time to Buy a House or Wait Until 2023?
Marco Santarelli
MAY 30, 2022
Check out the latest housing trends if you're unsure whether it is a good time to buy a house. The average 30-year fixed mortgage rate surpassed 5% in April, a few percentage points higher than the historically low levels of 2021. As a buyer, you do not want to hear this because lower interest rates make home loans more affordable. According to the Mortgage Bankers Association, mortgage credit availability was 30 percent lower in March of this year than prior to the coronavirus pandemic.
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