Do mortgage rates go down in a recession?

For months, there was a lot of talk about the possibility of a recession. In late May, JPMorgan Research estimated the probability of a recession in 2025 to be 40%. Since then, the U.S. has experienced an extended government shutdown, as well as job layoffs and furloughs, all of which could push the economy closer to a recession. This may all sound bleak, but a recession might be just the kind of economic setback that pushes mortgage rates down. Clement Bohr, economist with the UCLA Anderson Forecast, is ...