20-Year High Mortgage Rates Won’t Crash the Housing Market—Here’s Why

https://www.realtor.com/news/trends/housing-still-has-a-lot-of-wiggle-room-in-a-recession-even-with-mortgage-rates-near-a-20-year-high/
Mortgage rates briefly surged to a 20-year high last week, and as more prospective buyers are priced out of home purchases, economists warn that the housing market may be headed full speed ahead toward a recession. While a sudden slowdown could cause price drops of 10% to 15% nationally, strong employment gains and equity cushions…