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Though borrowers have the chance to lock in a mortgage rate at historical lows this summer, low inventory and increased competition could make finding a home even more difficult. That might leave some buyers wondering about the best time to lock in a mortgage rate.

“Market timing is always difficult,” says Lawrence Yun, National Association of Realtors chief economist. “Consumers should instead focus on the right home that meets their budget.”

Fortunately, homebuyers don’t have to worry about mortgage rates rising significantly in the near future. Yun predicts that rates will remain fairly steady at near historical lows for the next 18 months.  Read more.