Mortgage rates tumble in the wake of bank failures
Publishing timestamp: 2023-03-13 21:00:43
Summary
The average rate on a 30-year fixed mortgage has dropped to 6.57%, down from a recent high of 7.05%. This could potentially lead to a return of buyers to the housing market, but it is uncertain if rates will continue to drop. The article also discusses the influence of inflation and the Federal Reserve on mortgage rates.
Sentiment: NEUTRAL
Keywords: business, housing, signature bank, svb financial group, real estate, economic events, jerome powell, business news, mortgages, u.s. 10 year treasury,
Source: https://www.cnbc.com/2023/03/13/mortgage-rates-tumble-in-wake-of-bank-failures.html