Mortgage rates will fall to 5.4% as a recession is likely to hit the US economy in 2023, Mortgage Bankers Association says

Mortgage rates could drop to 5.4% by the end of next year, per the Mortgage Bankers Association. The forecast comes as MBA expects the Fed will drive the US economy into a recession in the first half of 2023. High interest rates to combat inflation will also lead to a drop in home prices in…