The thing to watch right now is mortgage rates. The Dow Jones Industrial Average plunged a terrifying 800 points on Wednesday, and the fact that it bounced back on Thursday didn’t seem to inspire much confidence that a recession isn’t still on the way. What’s interesting, though, is the fact that mortgage rates stayed put. According to the Washington Post, high demand for long-term bonds (which outpaced short-term bonds on Wednesday, a development that was […]
source https://therealdeal.com/2019/08/16/the-daily-dirt-recession-or-no-recession-watch-those-mortgage-rates/
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