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MNI INTERVIEW(RPT):US Mortgage Rates Likely Peaked-Freddie Mac

(MNI) Washington

Strong household balance sheets could stave off a U.S. recession if mortgage rates have peaked, a Freddie Mac economist says.

(Repeats article first published on July 27)

U.S. mortgage rates look like they have already peaked and home prices are not likely to fall on a national basis, boosting the chances the broader economy will dodge recession, Freddie Mac deputy chief economist Len Kiefer told MNI.

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(Repeats article first published on July 27)

U.S. mortgage rates look like they have already peaked and home prices are not likely to fall on a national basis, boosting the chances the broader economy will dodge recession, Freddie Mac deputy chief economist Len Kiefer told MNI.

Keep reading...Show less