<ul><li>Several key indicators suggest a recession is on the horizon, including the inverted yield curve, slowing GDP growth rate, manufacturing decline, and declining consumer confidence.</li><li>The mortgage industry is expected to be impacted by the recession, resulting in lower mortgage rates, reduced housing demand, increased refinancing activity, and tighter lending standards.</li><li>A recession can lead to lower mortgage rates as the Federal Reserve lowers interest rates to stimulate economic growth.</li><li>Reduced consumer spending can lead to decreased housing demand and potentially lower housing prices.</li></ul>

Recession Alert: What the Numbers Say and How it Will Impact the Mortgage Industry

Discover more