What's the fate of US mortgage rates amid this chaos?

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The banking meltdown means it will get tougher to buy a home. The 30-year fixed-rate mortgage averaged 6.73% in the week ending March 9. A year ago, it was 3.85%.

This isn't the first time banking giant Credit Suisse has faced troubles in its 167-year historyCredit Suisse has been dogged by problems for years. In fact, it faced rumors of a potential collapse as recently as late last year.

It also appeared to cost the firm dearly: Customers withdrew 111 billion Swiss francs in the final three months of 2022 amid the speculation. But last month, the Zurich-based lender reported its biggest annual loss since the financial crisis in 2008, highlighting the scale of the challenge it continues to face.The dismal results followed a series of missteps and compliance failures that have already cost the bank dearly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden’s America!

😈el que tiene casa ganó dinero ...pero el que va comprar no puede endeudarse por que no va poder cumplir con sus pagos....difícil tema ...📉📈🗺🏴‍☠️en el planeta tierra 👽🛸💵🧠💵🧠💵🧠💵🧠💵🧠💵🧠💵🧠

Jesus these boomers on here are the worst. They blame everyone but themselves, it is like they are entitled or something.

How is 2 banks run into the ground by greedy CEOs suddenly become a banking meltdown. Perhaps the media is the real problem.

Thanks Joe

Thank you, JB

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse to borrow up to $54 billion from Switzerland's central bankCredit Suisse is borrowing from the Swiss National Bank under a covered loan facility. I’d email you but I don’t want to be fired Switzerland should have a decent banking emergency fund given all the shady 💰 they've kept over the decades. Then again they could be in the can't-happen here-camp. Ben Montgomery. What about Ben Montgomery?
Source: axios - 🏆 302. / 63 Read more »

Credit Suisse chaos, Silicon Valley Bank collapse: What you need to knowGlobal stocks fell sharply on Wednesday, with embattled Credit Suisse tumbling to a new low, on renewed investor concerns about stresses within the sector triggered by Silicon Valley Bank's sudden collapse. With Trump zero bank runs and failures
Source: Reuters - 🏆 2. / 97 Read more »

U.S. financial markets struggle as bank worries spread to EuropeThe S&P 500 was 1.4% lower in early trading, while markets in Europe slumped even further as shares of Switzerland’s Credit Suisse tumbled to a record low. “Americans can rest assured that our banking system is safe. Your deposits are safe,” Joe Biden
Source: adndotcom - 🏆 293. / 63 Read more »

SVB collapse: Swiss National Bank tries to steady markets after Credit Suisse selloffBanking authorities in Switzerland pledged to provide CreditSuisse with financial support if necessary as doubts rose about its viability. The bank is considered a global systemically important firm with roughly $570 billion in assets at the end of 2022
Source: dcexaminer - 🏆 6. / 94 Read more »