Why some Americans are hoping for a recession.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why some people are hoping for a recession. Today's article is from MarketWatch "Prospective homebuyers are hoping for a recession to bring down housing prices. Does that make sense?" Looking back at our last recession, the 2008 recession caused prices to come down, however, those were different circumstances. Todays market has qualified buyers. A recession just wouldn't hurt the market that bad today. 

If there was a recession, yes interest rates would come down, but on the flip side we are in a housing shortage. If interest rates went down, then prices would climb because of competition. Ultimately negating the lower interest rate.

Listen in as we discuss this and more!

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.