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Housing market in U.S. slides into a recession?

The wild and wooly housing market. What a wild ride it’s been this last year. Where it goes from here is anyone’s guess.According to a story published last week by bankrate. com, the average rate on a 30-year mortgage edged up to 5.63 percent, compared to 5.59 percent the week prior. Not too bad, though, considering that the average rate for a 30-year fixed loan crossed the six-percent line in June.At the start of 2022, the average rate for a 30-year fixed mortgage was approximately 3 percent.The good news, according to bankrate.com, is that the mortgage rate isn’t moving upwards ...

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