Arizona real estate landscape is changing after bank failures

Name: Arizona real estate landscape is changing after bank failures
Uploaded: 2023-03-15T01:45:15Z
Duration: 2 min 16 s
Description: While the market was bracing for higher mortgage rates as the Feds try to cool a hot economy, the failures of Silicon Valley Bank and Signature Bank changed that, and mortgage rates are now on the decline all of a sudden. That could translate into a good thing for the real estate market in the Phoenix area. FOX 10's Linda Williams reports.

While the market was bracing for higher mortgage rates as the Feds try to cool a hot economy, the failures of Silicon Valley Bank and Signature Bank changed that, and mortgage rates are now on the decline all of a sudden. That could translate into a good thing for the real estate market in the Phoenix area. FOX 10's Linda Williams reports.

Posted March 14, 2023 6:45pm MST