Can lower mortgage rates stop the housin...

Abstract

Can lower mortgage rates stop the housing recession?

Lower mortgage rates can help stimulate the housing market by making it more affordable for people to purchase homes Historically, when mortgage rates rise, sales trends tend to decrease This current period of rising mortgage rates is different from previous expansions because rates have risen higher and home prices have grown at a much faster rate in a shorter period of time Lower mortgage rates alone may not be enough to stop a housing recession and need to be combined with other factors such as good wage growth and better-than-average housing demand for a significant impact on the market Lower rates needs to be sustained for a longer period to filter their way into the economy.


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