💨 Abstract

The article discusses the potential for a recession in the U.S., caused by President Trump's tariff announcements, and how it could affect mortgage rates and the housing market. During economic contraction, borrowing rates on home loans often decrease as the Federal Reserve lowers interest rates to stimulate growth. However, the path to lower rates involves more than just Fed rate cuts.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖