There is no single best time to apply for a mortgage, but there are certain times that will be better than others. The most important thing to keep in mind is your financial situation. If you already have sufficient savings or if you’ve recently paid off high interest debt, then now would probably be the best time because it often makes sense to avoid taking on any new debt at all costs. However, if you need help paying down high cost debts or procuring an investment property, then now might not be the right time unless you can afford it without incurring too much additional debt. As long as you’re disciplined about managing your finances and don’t over-extend yourself financially, there should never really be a bad time to buy a house – even during economic downturns!