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
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)