We Might Be Headed Toward a Recession, But a ‘Bigger Catastrophe’ Could Be on The Horizon
Mortgage rates reached 7% this week, the highest they’ve been in nearly 20 years, as the Fed continues efforts to curb persistent inflation. The rapidly rising mortgage rate (more than double what it was this time last year) reflects the ongoing fight to tame inflation and cool the housing market. Such moves by the Fed…