Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?

  • CanIFishHere@lemmy.ca
    link
    fedilink
    arrow-up
    2
    ·
    6 days ago

    As a rookie, look to mortgage rates. Are long term rates significantly lower than shorter term rates? That indicates the big heads (the people who get paid to do this) are saying the market will soften.