【Zillow】Mortgage Rates Edged Up As Bank Contagion Risk Moderates
【Zillow】Mortgage Rates Edged Up As Bank Contagion Risk Moderates
2023.04.03
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The recent banking sector turmoil ignited fears of a looming credit crunch. The supply of bank credit is an important driver of macroeconomic outcomes, with significant implications for employment and output. A contraction in the supply of commercial and industrial loans would result in a rapid cooling of the US economy.