Buying a house during a recession may be a good idea if your job seems secure because the Federal Reserve often lowers interest rates during a recession.

Question

Quizplus · Accepted Answer

During a recession, the Federal Reserve often lowers interest rates to stimulate the economy. This can make it a good time to buy a house because lower interest rates mean lower mortgage payments. However, it is important to have a secure job and stable financial situation before considering a major purchase like a house.

Buying a House During a Recession May Be a Good