Newsfeed: ‘How quickly the tables have turned’: A drop in mortgage rates has homebuyers so cocky they’re asking sellers for cash
After a string of steady increases, mortgage rates fell this past week — a mixed blessing for the fragile U.S. economy. The lower rate on a 30-year fixed mortgage is a relief for home shoppers who have been watching rates climb, but it’s also a sign that a recession could very well be around the corner as the market slows.
