4/16/2013

After months of going gangbusters, JPMorgan Chase and Wells Fargo each reported drops in applications for home loans in the first quarter. Retail sales and job creation also came down in March, according to the government. "Our guess is that mortgage origination levels and revenues will continue to come down," Wells Fargo CFO Tim Sloan said. Analysts say that could lead lenders to lower interest rates again.

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