Rising Mortgage Rates Hurt This Part of the Housing Market the Most, Banks Say
You can find volatility in every aspect of the market in the past few months. Stocks have seen volatility, and so have interest- rate products like loans and bonds.
Mortgage rates saw their biggest quarterly rise in 28 years. As a result, banks heavily involved in home lending saw their earnings from these activities take a hit in the first quarter.
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Source Fool.com