Been reading some articles lately, and it got me thinking about something. If you had to choose between stronger economic growth (like higher GDP numbers, more jobs, better wages, etc.) or lower mortgage rates (making homes cheaper and easier to buy), which would you prefer? I mean, ideally we'd have both, but if you had to prioritize one over the other right now, which seems more important to you and why?
Interesting question, and honestly, I've been wrestling with this myself lately. A few years back, when I was first looking into buying a place, mortgage rates were pretty low, and it felt like the perfect time. But even with those low rates, my job situation wasn't stable enough to feel comfortable taking on a mortgage. Fast forward to now—rates have climbed, but my job security and income have improved significantly. Funny enough, even though mortgages are pricier now, I'm actually feeling more confident about buying.
So, from my perspective, I'd lean towards stronger economic growth. Sure, lower mortgage rates sound great on paper, but without stable jobs and decent wages, who can really take advantage of them? I think having a solid economy with good job prospects makes people feel secure enough to commit to big purchases like homes. But hey, that's just my two cents... either way, it's a tough call. Glad you brought it up—it's definitely worth thinking about.
