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Podcast: The Tom Toole Sales Group Podcast
Episode: how do bank failures affect the housing market? - Tom's Take 314
Description: 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...