By Andrew Moran The U.S. mortgage market experienced significant activity last week as interest rates declined to a one-year low, according to new industry data. For the week ending Sept. 12, the average 30-year fixed rate mortgage decreased by 10 basis points to 6.39 percent—the lowest level since October 2024—the Mortgage Bankers Association said on […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
