SVB collapse set to completely upend the housing market

The collapse of 40-year-old California-headquartered Silicon Valley Bank (SVB) last week will have a significant impact on mortgage rates and the U.S. housing market, Newsweek has been told. Commenting on the meltdown of the SVB—which had grown to be the 16th largest in the U.S. and a favorite among tech startups, and the following shut…