TOPIC

Mortgage rates drop to stall rising trend

Weekly data compiled by Freddie Mac shows mortgage rates are down following an increase of more than half a percent over five consecutive weeks. The 30-year fixed-rate mortgage (FRM) averaged 6.60% while the 15-year rate was 5.9%.

How SVB’s collapse could affect interest rates

The collapse of Silicon Valley Bank (SVB) and Signature Bank has spread fear and uncertainty in the banking sector. But the FDIC has long offered some protection to individual depositors of insured banks. Here’s what you need to know.