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

Orange County Register, Mar. 16, 2023–Jeff Lazerson
Now, we’re left to wonder what will come of the mortgage industry if this bank contagion expands. Will mortgage rates plummet, perhaps back to the go-go days of two short years ago? Will the economy contract as the troubled banks cut off credit and claw back lines of credit for commercial businesses? (MBA mention)