The threat of higher mortgage rates: truth and fiction

Rose sharply since the start of the year, the housing mortgage rates have no music ears of people who are in the market to buy home, or not to take the advantage of low interest rates, old, high interest rates to refinance. But they are not the only group is expected to creep, if interest rates continue to rise. Investors wary eye on bank refinancing boom is sputtering and decline in mortgage applications. Lower interest rates to stimulate a burst of huge refinancing activity, means that for the original mortgage bank fees, a beautiful convex point, and then sold to a third party, such as fannie mae. For this reason, a slowdown in a pot bottom line of the bank. In a conference call for its second quarter, Wells Fargo (NYSE: WFC) management, points out that only signs of slowing. As interest rates rise late in the quarter, to apply for housing is still strong, but the expected drop in refinancing applications. At the end of this quarter, we still have a big not closed pipes, but the quantity of refinancing is obviously right
shi wo de xin zang bu zheng qi
　　yi jia ren wan shang kan dian shi ，ping mu shang zai bo fang 《忐忑》，
　　wo sui kou shuo gong lin na mei shi me liao bu qi ，jiu zhang zhuo zui hou na yi gao yin er 。
　　lao gong shuo jiu na yi sang zi ，yi ban ren jiu bu xing 。
　　wo shuo wo jiu xing ，yu shi qi yun dan tian lai liao yi sang zi 。
　　jiu ting 咚de yi sheng ，shen bian de lao ba dao xia qu liao 。
　　jing yi yuan qiang jiu fu qin xing liao ，
　　ta yong wei ruo de sheng yin zai wo er bian shuo ：“bu yuan ni ，shi wo de xin zang bu zheng qi ……”