A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy.
A housing slowdown due to low inventory and rising mortgage rates will open opportunities for some buyers, NAR Chief Economist Lawrence Yun predicts.
The market has mostly priced in current and future Fed actions, so mortgage rates shouldn’t rise dramatically, says NAR Chief Economist Lawrence Yun.
Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.
The next downturn may be different than the last. Look to commercial real estate for clues about the direction of the economy.
The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?
Borrowing costs tick up again as the Federal Reserve’s inflation policy has economists bracing for even higher rates in the future.
With inflation reaching a new high in June, the Federal Reserve will likely take more aggressive action. That could influence higher mortgage rates.
Mortgage rates are dropping as concerns mount over a possible economic recession.
The interest rate on the 30-year fixed mortgage fell this week, offering relief to home buyers who are reeling from escalating costs.
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