Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    Let me ask the CEO of Silicon Valley Bank. 

     He is at his vacation home in Hawaii,  after cashing in his stocks, then giving lavish bonuses to the employees, just before that Bank crashed.       

        Maybe he will have some advice for us.

Mar 18, 2023 10:06 AM
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

who's worried?  I mean I don't have more than $250,000 at any one institution. But beyond that, I don't rates will be drastically affected.  I'm in a watch and see mode.

Mar 18, 2023 11:16 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

see my recent post, bank failures tend to lower rates and I feel sure it will slow the fed with their record timeline increases of rates (as they were talking of doing).  And no I'm not worried.  I am full insured at every bank where I have deposits.


Mar 18, 2023 09:56 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Obviously we don't know how this will affect interest rates, clearly it's not good.  And, of course, it causes people to worry about the security of the banks where they keep their own money.

Mar 18, 2023 09:49 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I don't see why people are worrying about it personally.  Why worry about something that's totally out of your control?  Just make sure that you don't have more than 250K in each account.

Just like what the guys said above, hope that CEO goes to jail.

Mar 18, 2023 01:06 PM
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Less cash, more property. Beat the drum to invest in real estate. The land they stopped making and it never disappears or evaporates Will Hamm ! Comes with wildlife for free.

maine bear picnic table

Mar 18, 2023 12:13 PM
Roy Kelley
Retired - Gaithersburg, MD

The deposits of most people are covered by insurance. So, there is no need for them to worry. Regardless of the temporary impact on mortgage interest rates, smart home buyers will rely upon their trusted mortgage loan officer for advice.

Mar 18, 2023 10:08 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm you heard right, another bank could fail. It appears that many other banks having issues can fail.

Mar 18, 2023 02:03 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Will Hamm  Reminds me of days gone by.  I do hope the feds lower interest rates. 

Mar 18, 2023 12:50 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

People OTHER than the Feds really don't have an impact on interest rates...or should I say IDIOTS other than the Feds!!

The SVB CEO, I'm confident, will be behind bars soon...if not dead before then by his own hands or one of his customers. Martha Stewart went to jail for a LOT less.

Mar 18, 2023 07:33 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate


I won't speculate on this.  I will say there will be more bank failures. 

Mar 18, 2023 06:53 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The Fed might slow down raising interest rates. 

Mar 18, 2023 01:29 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

There are thousands of banks in the U.S. If a few fail it will make headlines for a while and soon be forgotten.

Mar 18, 2023 05:04 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

This bank situation should and most likely will end the rapid rise in interest rates.  People are very much worried and making sure they don't have more that $250,000 in a Federally Insured accounts. Corporate Investors must be scrambling to see how it is best to protect the company's funds.  We all know that the Fed has a limit to how much money they will guarantee.

Mar 18, 2023 05:49 PM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

A few more may fail.  I don't see a contagion as we saw in 2008-9.  i think interest rates will now become more steady with lesser increases or declines.

Mar 19, 2023 05:58 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Time will tell. With wishy washy people in charge in DC it is a matter of which way the wind is blowing.

Mar 19, 2023 04:39 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Not a problem for the individual however Congress is asleep. How can this happen with all the governmental departments, divisions and personnel? Why is government reactive instead of proactive. If you want a sobering thought, all they do is print paper money. It works because they market, and public relate expertly even going as far to say: Oh we have a problem & then giving pretense of solving it. The can gets kicked down the road while everyone retires on rich pensions. Sorry state of greedy affairs. 

Meanwhile corporate execs were selling their stock months ago. Methinks shenanigans is afoot

Mar 18, 2023 05:06 PM
Dave Skow
Movement Mortgage - Seattle, WA
Dave Skow

1) mortgage rates  have been  relatively  unchanged  over the past  7-10 days ..2) seems like lender rates are remaining flat  in order to  try to  help calm the fears  of consumers 3)   This  issue  plus the inflation numders will likely be the  driving factors on rates for awhile - thanks for the good question

Mar 20, 2023 04:27 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Likely to force the feds to lower interest so that more loans will remain solvent.

Not likely to affect deposits as long as folks spread their wealth out and never keep more than the max in any bank.

Mar 20, 2023 06:59 AM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

It certainly can't be ignored.  Cost of living high, interest rates high, inventory still low, rents high, and now problems in the banking industry.

Mar 19, 2023 01:11 PM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Let them fail.  Interest rates will likely still rise.  Maybe not the half a percent they were talking about last week, maybe only a quarter percent.

From what I've read, the SVB CEO and team had zero experience running a bank and did not run it properly.  It's no wonder they failed.

Mar 19, 2023 10:03 AM