There is a caveat to the current interest rate decline: ‘A global recession would be bad for business, particularly if the outbreak stalls wage growth and consumer confidence’.
“If there is a sharp reduction in trade and economic activity, we will start to see people not qualify for a mortgage, That is the biggest risk now.” But I do not see that happening on President Trump’s watch, and I expect it to run for another 4 years.
Home Buyers Like Wall Street Really Like ‘cheap money’
Bruce Willard Barren on LinkedIn • 4 min read
By Paul Ebeling on March 4, 2020