Will Silicon Valley, Signature Bank Crashes Send Mortgage Rates Plummeting?

Mortgage Grader, Mar. 28, 2023–Jeff Lazerson
When Silicon Valley Bank and Signature Bank were shut down by the Feds within 48 hours of each other, no quicker than a banking regulator could say “give me your keys,” the bond market rallied, and mortgage rates dropped about a quarter point. Now, we’re left to wonder what will come of the mortgage industry if this bank contagion expands.
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