Source: MorningStar —
Goldman Sachs economists say they expect rates will ‘remain persistently high’
The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%.
“The headwind from higher mortgage rates has already been visible in recent data,” Goldman Sachs (GS) economists wrote in a note on Oct. 7 titled “How deep will the correction go.”