What Rising Mortgage Rates Mean for Banks

According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage increased this week to 3.91%. That’s nearly 60 basis points higher than the trough at the end of 2012. What does this mean for banks?
http://www.fool.com/investing/general/2013/06/07/what-rising-mortgage-rates-mean-for-banks.aspx

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