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Monarch Financial Holdings, Inc. Message Board

  • barkingdog78 barkingdog78 Jun 21, 2013 3:55 AM Flag

    WSJ: Mortgage revenue headed down - hear that hissing sound?

    "But now that the refinancing wave has largely run its course and interest rates appear to have either hit bottom or are rising slightly, banks are stuck. The new rates are high enough to give pause to customers, but not high enough to make a significant impact on profit margins.

    In turn, mortgage-banking fees could drop by 13% this quarter, while core mortgage-banking revenue could fall by 19% overall this year, according to analysts at BMO Capital Markets."

 
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