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Mortgage Lenders Brace for Cooling Demand: WSJ

With interest rates expected to rise, mortgage lenders are readying for a drop in demand in the months ahead. So reports The Wall Street Journal.

arrow 24112 640 smallA projected decrease in mortgage volume has prompted lenders to compete on price, further pressuring their profit margins and setting off alarm bells for investors in mortgage businesses that went public amid as lending boomed.

Origination volume this year is forecast to slide by 14.2% to $3.3 trillion, which would still be a historically high level.

Read the full article from The Wall Street Journal.

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