Smart Money Podcast: Lower Mortgage Rates, and Moving During a Pandemic

This article was first published on NerdWallet.com.

Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions.

This week’s episode starts with a discussion of mortgage rates, which are hitting new lows as the economy stalls. That’s good news for people who want to buy or refinance and have good credit and steady income. But it’s not much help for renters, those who have lost jobs or anyone having trouble paying their bills. If you’re struggling, check out our COVID-19 resources.

Then we pivot to this week’s question from Ana. They say, “I’ve noticed that a decent amount of rents have gone down, at least in Brooklyn, New York. And I’ve been wanting to move for a little while, but then COVID-19 hit. Luckily I still have a job, not married, no debt, no loans of any kind. I even opened up a brokerage account to trade. I know now is the time to be increasing our emergency fund and savings, and I am. But do you think that moving some time in the near future might be a smart move?”

Check out this episode on any of these platforms:

• Apple Podcasts
• Spotify
• SoundCloud

Our take

Rents...