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Finance Latest News: Are Banks and Housing About to Get Crushed by Rising Rates?

wochit business
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July 12, 2013 AT 12:49 PM
Are Banks and Housing About to Get Crushed by Rising Rates? The evidence is everywhere: mortgage rates are at a two-year high, applications have fallen for four straight weeks after climbing for more than a year, and Fed Chairman Ben Bernanke says he would have to "push back" if the impact of rising interest rates were jeopardizing the recovery.