By Clare Trapasso | realor.com
While no one should be rooting for a weak economy, it does present a few advantages for cash-strapped home buyers and owners.
After a disappointing jobs report, it doesn’t look likely that the Federal Reserve will raise interest rates later this month—or anytime soon. (Basically, the number of new jobs created hit a five-year low in May.)
And as a result, mortgage rates are expected to stay at their current lows—or fall even further.