Lower Interest Rates Could Actually Be Bad For Real Estate Markets Right Now

Homebuyers and real estate investors are hoping that interest rates come down. But is that what they really want?

The average 30-year mortgage is 6.27%, a healthy decline from being north of 7% in November, but if interest rates go down materially in the next few months it will most likely be because the U.S. economy has fallen into an unattractive recession that reduces the demand for real estate.