Rising Mortgage Rates Help, but Also Hurt, Banks

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Rising Mortgage Rates Help, but Also Hurt, Banks

Banks in the U.S. have much to be thankful for this holiday season. Higher rates on mortgages aren’t necessarily on the list.

The average rate on a 30-year fixed conforming mortgage has risen to 4.16%, according to the Mortgage Bankers Association, up from post-Brexit lows around 3.6%.

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