Mortgage Rates historically DECLINE in Recessions

During a recession, the demand for borrowing decreases, which leads to lower interest rates as lenders compete to attract borrowers. Additionally, central banks often take measures to reduce interest rates to stimulate the economy during a recession, which also contributes to lower mortgage rates. However, it's worth noting that the relationship between the economy and interest rates is complex, and other factors such as inflation and government policies can also have an impact.