'Ominous' prediction: Rising mortgage rates stand to tip sector back into recession, Wells Fargo says

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Warning that the housing market is contracting again, Wells Fargo economists wrote that rising borrowing costs 'stand to tip the housing sector back into a recession.'

<p>SALT LAKE CITY — Warning that the housing market is contracting again as today's mortgage rates hover near 8%, Wells Fargo economists wrote in a new analysis that rising borrowing cost

</p><p>Even though the economy has shown &quot&#x3B;a remarkable degree of resilience&quot&#x3B; this year — and a strong labor market along with moderating inflation has &quot&#x3B;raised ho

 

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