Mortgage rates dropped this week in the wake of several bank failures, reversing course after rising half a percentage point over the past month.
Mandatory Credit:	Joe Raedle/Getty Images

Mortgage rates dropped this week in the wake of several bank failures, reversing course after rising half a percentage point over the past month.
Mandatory Credit: Joe Raedle/Getty Images

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Mortgage rates drop in wake of bank failures

Mortgage rates dropped this week in the wake of several bank failures, reversing course after rising half a percentage point over the past month. But longer-term uncertainty is expected to hamper many homebuyers and keep the cost of buying unaffordable for many.