Mortgage lenders, borrowers react to banks closuresÂ
Housing Wire
MARCH 15, 2023
” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals.
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