Now is this good news or bad news? Recession fears are pushing mortgage rates down
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In mid-June, fixed-rate mortgages with a 10-year term broke the magical 3 percent mark. Now let’s go down again. What is it?
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The fixed-rate mortgage for your own home has become cheaper again.
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There are huge storm clouds piling up in the economic skies of the various continents: In China, new lockdowns can occur at any time, each with problematic effects on global supply chains, and there is a risk of a gas bottleneck in Europe should Vladimir Putin turn off the gas tap after the revision of the Nord Stream 1 pipeline will not restart, and in the US the Fed could slam on the brakes and raise interest rates sharply, fearing runaway inflation.
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