Mortgage rates declined amid banks failures. Whatâs next?
Mortgage rates fell last week after a regional bank deposit run provoked a liquidity crisis, but what’s next for the housing market?
Mortgage rates fell last week after a regional bank deposit run provoked a liquidity crisis, but what’s next for the housing market?
“Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected,” he continued. “As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.” Marty Green, principal at Polunsky Beitel Green, added … [Read more…]
The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the Sept. 11 terror attacks. The one-day drop in two-year yields was the biggest since the Volcker era in the early 1980s and surpassed the period surrounding … [Read more…]
The collapse of Silicon Valley Bank and Signature may trigger lower mortgage rates, but it will likely increase scrutiny on IMBs and their risk management strategies.
Mortgage Interest Rates Today for March 7, 2023: Rates Increase CNET
The Federal Reserve is considering easing the terms of banks’ access to its discount window, giving firms a way to turn assets that have lost value into cash without the kind of losses that toppled SVB Financial Group. Such a move would increase the ability of banks to keep up with demands from depositors to … [Read more…]
Here Are Today’s Mortgage Rates on March 3, 2023: Rates Tick Up CNET
Mortgage rates surpass 6 percent for the first time since 2008 The Washington Post