Rising Rates Are Battering Mortgage Lenders

Wall Street Journal, May 25, 2022–Orla McCaffrey (subscription)
Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise.
https://www.wsj.com/articles/rising-rates-are-battering-mortgage-lenders-11653471002