Shares of Redfin (NASDAQ: RDFN) spiked this week on no company-specific news. Instead, the real estate company's shares climbed higher as mortgage rates fell in response to trouble in the banking industry. 

As a result, Redfin stock was up by 25.1% this week, according to data provided by S&P Global Market Intelligence. 

Redfin's share price spiked on Monday as mortgage interest rates fell to 6.57%, down from their high of 7.05% just several days before that. The quick drop in mortgage rates was spurred by the recent collapse of SVB Financial's Silicon Valley Bank as well as Signature Bank. 

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Source Fool.com