Residential Real Estate

Will SVB Crisis Lead to Interest Rate Cut?

Will SVB Crisis Lead to Interest Rate Cut?

By Stan Choe | The Associated Press | March 13, 2023 | Reprints | Unlock Link

With bank stocks cratering Monday as investors in regional banks like First Republic Bank and now-defunct Silicon Valley Bank worry about what lender may be next to topple, some investors are calling for the Fed to make cuts to interest rates soon to stanch the bleeding.

Mortgage Rates Hit Three-Month High

Mortgage Rates Hit Three-Month High

By Matt Ott | The Associated Press | March 2, 2023 | Reprints | Unlock Link

The average long-term U.S. mortgage rate hit a three-month high this week, reflecting higher Treasury yields and expectations that the Federal Reserve will continue to raise its benchmark rate and keep it there until inflation recedes.