Why a weaker economy could be good for home buyers and owners

weaker economyBy 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.

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