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The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle lines of credit provided by depositories, home lenders say.
Bank failures and slowdown in wage growth have forecasters thinking the Fed will back off from aggressive rate hike campaign next week.
Charles Schwab, a major Republican donor with his own private jet, lost a whopping $3billion from his personal fortune in just three days after the fall of Silicon Valley Bank.
CEO Mat Ishbia touted his firm's competitive pricing strategy as the reason why the company has remained stable against major setbacks and losses at competitors like Wells Fargo and Rocket Mortgage.
From Bloomberg: Companies including Rocket Cos., Amplify Credit Union and Better are pitching incentives to cover the cost of future refinancing to buyers who lock in loans now. Some lenders are offering to buy down interest rates, often by one point for one year.