What Past Recessions Tell Us About the Housing Market
Experts say a recession would be mild and housing would play a key role in a quick economic rebound
According to Keeping Current Matters, market experts say mortgage rates will likely stabilize below the peak we saw last year. That’s because mortgage rates tend to respond to inflation. And early signs show inflation is starting to cool. If inflation continues to ease, rates may fall a bit more, but the days of 3% are likely behind us. The big takeaway is you don’t need to fear the word recession when it comes to housing.
