What A Recession Could Mean For The Housing Market

Recession. It’s a word that can spark fear and uncertainty in any market, and housing is no exception. But contrary to what you may think, you don’t have to fear the word recession when it comes to buying a home. Here’s why. Take a look at what tends to happen to mortgage rates during a recession.

Historically, a recession means falling mortgage rates. During each of the past six recessions in this country, mortgage rates have dropped. Depending on which metrics you looks at we’re not officially in a recession just yet, but there are a number of experts that would say it could happen within the next 12 months. And, if it does, this could be an indicator of how rates will respond.

While history doesn’t always repeat itself, we can learn from it. If you have questions about what’s happening in the housing market, let’s connect. While there’s no such thing as perfect advice, I follow what the experts and the data are saying to provide you with the best advice possible.

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