We’ve already seen that these failures cause the 30 year fixed rate to come down pretty dramatically into the 6.25% range as of Monday versus north of 7% at the end of the day on Friday.
These banks are invested heavily in crypto VC and tech startups and bonds, all risky investments.
What does this mean for the housing market? How will this affect loans?
Tune into episode 314 of Tom’s Take for a breakdown of everything!