Plunging Mortgage Rates Might Not End U.S. Housing Doldrums

Wall Street Journal, Mar. 11, 2020–Gwynn Guilford (subscription)
With the average rate on a 30-year mortgage falling to 3.29% last week, financing a home purchase has never been cheaper. That could give the flagging economy a much-needed boost amid coronavirus fears. Yet housing is juicing the economy less than it used to, some economists say.