Economists issue stark warnings about dangers of trade war escalation

A widening trade war sent U.S. stock markets into the biggest rout of 2019 on Monday, which caused mortgage rates to tumble, but there’s more to the housing market than just financing rates. If the trade war causes a jobs-cutting recession in the U.S., “low interest rates will not help home sales nor home prices,” Lawrence Yun, NAR’s chief economist said.