Will Silicon Valley, Signature bank crashes send mortgage rates plummeting?

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So far, this regional banking conundrum created a brief but consequential crack in the ascent to 7% mortgages.

Fannie Mae halts financing for 6,102 condos in Laguna Woods

in the U.S. That, combined with these new bank failures, likely will keep the Federal Reserve from hiking its benchmark rates significantly at its meeting March 21-22. Finding consensus in the mortgage arena was tough this week, with some saying the bank failures likely would have minimal effect on the housing market. Others weren’t so quick to agree. Here’s what they had to say …

 

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