Rising Rates Hit Banks’ Mortgage Businesses

Wall Street Journal, Jan. 13, 2023–Gina Heeb (subscription)
Rising rates are generally good for banks, which earn interest on the loans they make. That’s not the case with the mortgage business lately.
https://www.wsj.com/livecoverage/stock-market-news-today-01-13-2023/card/rising-rates-hit-banks-mortgage-businesses-zsiFPAGBQSvZNoWhFE8b