U.S. mortgage rates are up again, threatening to push the housing sector back into a recession, and a new report is warning that the weakness in the housing market has implications for the rest of the world.
In the report by the Dallas Federal Reserve Bank, researchers called out the possibility of a “deep global housing slide.” Weaknesses in the U.S. and German housing markets in particular “pose a vulnerability to the global outlook” due to the size of the countries’ economies as well as their “significant cross-border financial…
