Do mortgage rates have an upside-down future?

An inverted interest rate curve shows that long-term interest rates are less than short-term interest rates. With an inverted yield curve, the yield decreases the further away the maturity date is. Sometimes referred to as a negative yield curve, the inverted curve has proven in the past to be a reliable indicator of a recession. And a recession will then likely bring sharply lower interest rates - and more normal rate curves. There's more to life than interest rate curves.