>Mortgage rates **could** hit 8%, economists say, **citing a worrying sign not seen since the Great Recession** If I had a dollar every time a "could" didn't materialize... I would be bloomberg rich, nigger Besides nobody said mortgage rates hit 8% "during the 2008-2010 financial collapse commonly referred to as the "great recession". " >“Historically, **the mortgage-rate spread has only been around this level** only during periods of financial crisis such as the Great Recession or the early 1980s recession,” deRitis added. “The historical average is closer to 175 basis points.” If the 10-year continues to rise — and the U.S. Federal Reserve chooses to interest rates once again — it could go beyond 5%. If the spread stays elevated at 300 basis points, deRitis added, “a mortgage rate of 8% or more is a distinct possibility in the near term +1 for the fred link, nigger...