Mortgage Rates Fall on Bank Failures: Tim Rood on FBN
The collapse of Silicon Valley Bank and Signature Bank has rattled the financial industry, quickly shifting market expectations for rate hikes by the Federal Reserve for the rest of this year. The result was a drop in mortgage rates. Tim Rood, SitusAMC Head of Industry Relations, spoke with Neil Cavuto of Fox Business News about how this may affect the housing market. He also offered his view on what the Fed will do at its next meeting March 21-22. Watch the interview below.