Eventually yes, though history shows us that it’s rising interest rates that frequently cause the recession in the first place. As most recessions are a result of less money moving through the economy, you’ll probably find that even qualifying for.
Average Mortgage Rates History 5-Year Fixed-Rate Historic Tables HTML / Excel Weekly PMMS Survey Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.