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The Impact of Bank Failures on the Housing Market: Tom's Take 314

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