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【Zillow】Silicon Valley Bank Response May Bring Down Mortgage Rates and Chill Tech-Dominated Housing Markets

【Zillow】Silicon Valley Bank Response May Bring Down Mortgage Rates and Chill Tech-Dominated Housing Markets

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The FDIC shut down Silicon Valley Bank (SVB) Friday after it was forced to sell investments at a massive loss and couldn’t meet heavy demand for withdrawals. That left many of its customers – primarily tech companies – without access to their deposits and at risk of being unable to meet payroll and other financial obligations. 

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