It’s always hard to time the market, but it’s been especially difficult this year. The coronavirus pandemic and the resulting economic downturn have shaken up the real estate market. Even though mortgage rates are very low right now, there is no way to know whether they will fall even lower or start to move back up. However, the fact remains that interest rates are lower right now than they have ever been. If you are in a good financial position to purchase a home at the moment— meaning you have enough cash for a down payment, a good or great credit score, stable employment, and a low debt-to-income ratio — it may make sense for you to take that step now rather than later.