Here's Why a Recession Won't Make Mortgage Rates or Home Prices Cheaper

Grace Cary/Getty Images/CNET The economic headlines are full of recession indicators, from tariffs and a potential trade war to wild stock market swings. With mortgage rates all over the map, some homebuyers are wondering if there might be a silver lining to a downturn -- namely, lower mortgage rates and home prices. I've worked in real estate for more than 20 years, and I've seen my share of market fluctuations, from boom times to full-blown crashes, like in 2008. When it comes to buying a home, the economy is just one factor to consider. Regardless of how messy the market is, there's always an opportunity for certain homebuyers. If you're financially ready, the current economic landscape could actually work in your favor. To help you make an informed decision, here's what a recession could mean for mortgage rates, home prices and your homebuying timeline. Are we in a recession now? There are plenty of recession warning signs right now. Layoffs are picking up, the GDP is slowing ... Read full article.