The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, according to Mortgage News Daily.

First Republic Bank led a decline in bank shares Monday that came even after regulators’ extraordinary actions Sunday evening.

“Investors in the banks will not be protected,” Biden said. “They knowingly took a risk and when the risk didn’t pay off, the investors lose their money.”

Here’s how the Silicon Valley Bank and Signature Bank failings, and moves by U.S. regulators may affect your wallet, according to financial advisors.

A former Silicon Valley Bank employee and some SVB clients say the firm’s inadequate technology created problems long before the run on the bank.

PNC Financial decided against bidding on Silicon Valley Bank before regulators announced plan to backstop uninsured deposits, according to a source.

U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis.