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Mortgage rates drop in wake of bank failures

CNN

www.cnn.com › business › live-news › stock-market-credit-suisse-svb-banking-collapse-03-16-23 › h_cb3e86534039cc5940922b41dd856be6

This story seems to be about:
• Longer-term uncertainty is expected to keep the cost of buying a home unaffordable for many • Wall Street Journal: First Republic Bank talking to JPMorgan and Morgan Stanley about a lifeline • European Central Bank hikes rates half a point • Credit Suisse's $54 billion lifeline calms panic • KFILE: Ron DeSantis blames SVB's diversity initiatives and federal regulators for crisis

Banking meltdown means it will get tougher to buy a home

CNN

www.cnn.com › business › live-news › stock-market-credit-suisse-svb-banking-collapse-03-16-23

This story seems to be about:
• European Central Bank hikes rates half a point • Credit Suisse's $54 billion lifeline calms panic • KFILE: Ron DeSantis blames SVB's diversity initiatives and federal regulators for crisis • Banking meltdown: CNN has answers to your 5 most pressing questions

Despite banking woes, the European Central Bank hikes interest rates by half a percent

Quartz

qz.com › despite-banking-woes-the-european-central-bank-hikes-i-1850232078

This story seems to be about:

The European Central Bank raised interest rates by half a percentage point on Thursday. The hike comes after shares of Credit Suisse, one of Europe’s largest banks with nearly $600 billion in assets, hit all-time lows after its largest shareholder refused to invest more in the bank.

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Banking meltdown means it will get tougher to buy a home

CNN

www.cnn.com › business › live-news › stock-market-credit-suisse-svb-banking-collapse-03-16-23 › h_77a91f64213a9b6994e0c10b7499785f

This story seems to be about:
• Credit Suisse's $54 billion lifeline calms panic • KFILE: Florida Gov. Ron DeSantis blames SVB's diversity initiatives and federal regulators for crisis • Banking meltdown: CNN has answers to your 5 most pressing question • European Central Bank faces 'unenviable choice' on interest rates

What's the fate of US mortgage rates amid this chaos in the banking sector?

CNN

www.cnn.com › business › live-news › stock-market-credit-suisse-svb-banking-collapse-03-16-23#h_77a91f64213a9b6994e0c10b7499785f

This story seems to be about:
• Credit Suisse's $50 billion lifeline calms panic • KFILE: Florida Gov. Ron DeSantis blames SVB's diversity initiatives and federal regulators for crisis • Banking meltdown: CNN has answers to your 5 most pressing question • European Central Bank faces 'unenviable choice' on interest rates