Rising rates won't hinder housing market, analysts say

07/15/2013 | Bloomberg

Mortgage profits could suffer as a result of rising interest rates, JPMorgan Chase officials said last week. Chief Financial Officer Marianne Lake said refinancing could drop 30% to 40% later this year. However, the bank's analysts said separately that the housing market is on track despite rising rates. Analysts said current price appreciation, job growth and easing of lending standards should all work to keep the recovery strong.

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