Mortgage Interest Rates
Last Friday, the world gasped as one of the tech industry’s most prominent banking institutions, Silicon Valley Bank (SVB), collapsed under $175 billion in uninsured deposits. This monumental financial failure has only been surpassed in scope by the folding of Washington Mutual, which swiftly led to the financial crisis of 2008. And while we recently…
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By Ryan Casey Stephens, FPQP®Special Contributor The U.S. banking system faced total collapse this week, though we’ve staved off the worst danger for now. Since Friday we’ve seen two large banks fail and two more barely skirted going under. Silicon Valley Bank was the most notable and was the largest bank failure since 2008. More…
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By Ryan Casey Stephens, FPQP®Special Contributor The absurdity of higher interest rates despite lower inflation continues this week. The 30 Year Fixed mortgage rate is 6.95 percent, at heights not seen since November when inflation was nearly two points higher, above 7 percent. Mortgage bonds, which largely determine rates, are on shaky footing. Some crucial…
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By Ryan Casey Stephens, FPQP®Special Contributor Despite many economic measures moving in the right direction, including inflation readings, mortgage interest rates are heading back up to the stratosphere. We now run the risk of high rates and housing costs ruining what could be a much-needed healthy spring market here in North Texas. That’s why today…
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By Ryan Casey Stephens, FPQP®Special Contributor We were well on our way to a positive end of winter. Inflation was on the way out, and the spring market ahead of us looked like a walk in the park. Then, all of a sudden, the aliens invaded. Okay, maybe they’re not aliens, but something has us…
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