Linda Lafferty - The Platinum Group, Realtors

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What Does an Economic Slowdown Mean for the Housing Market?

June 23, 2022 By LindaLafferty

As the chart shows, historically, each time the economy slowed down, mortgage rates decreased. Fortune.com helps explain the trend like this: “Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. And in many cases, they continued to fall after the fact as it […]

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