Soaring Mortgage Rates: Customers Lose, Banks Win
In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the implications of rising mortgage rates on American banks, as well as the American consumer.
When Wells Fargo and JPMorgan Chase report earnings on Friday morning, investors will see a strong representation of the mortgage market for banks.
Will tomorrow's reports drive the market higher?Banks are set to begin reporting second-quarter earnings over the next few weeks. Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.
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The article Soaring Mortgage Rates: Customers Lose, Banks Win originally appeared on Fool.com.
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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