Timothy Sumer

Silicon Valley Bank and Signature Bank failed last Friday. Obviously when you hear bank failures, there's some fear, there's anxiety of a flash back to 2008 when we saw a lot of financial institutions have major issues. 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! --------------------------------------------------------------------------------------------------------- Thinking of buy or selling, or both? 🤔 Thinking of joining a team or becoming an agent? 🤔 🚨 Work with the #1 RE/MAX Team in PA & DE! 🚨 📲Call: 610.692.6976 📩Email: tom@tomtoole.com 🏡 Connect: www.TomToole

Silicon Valley Bank has collapsed. This is the second largest bank failure in US history and the largest since 2008. This was the immediate result of a bank run in which $42 Billion of deposits was withdrawn in one day. Full analysis here: #SIBV #SVB #SiliconValleyBank #Shorts... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On October 29, 2021, Silicon Valley Bank (SVB), one of the largest and most well-known financial institutions in Silicon Valley, announced that it was filing for bankruptcy. This news came as a shock to many, as SVB had been regarded as a stable and trustworthy bank for many years. However, it appears that the bank had been hit hard by recent economic challenges, such as rising interest rates and a slowdown in the tech industry. SVB, which was founded in 1983, had become a major player in the bankin