Brace for 8% mortgage rates to drag the US housing market into a 1980s-style recession, Wells Fargo warns
None The US housing market looks like it's headed for a recession, Wells Fargo has warned. • None Mortgage spiking to nearly 8% will cause homebuying to plummet, according to the bank. • None Strategists compared the current situation to the 1980s, when the Fed's aggressive interest-rate hikes…
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