The end of the mortgage party? Home lending plummets at Wells Fargo, J.P. Morgan Chase

The mortgage party is officially over. Rising mortgage rates mean that fewer people are refinancing their homes, which bludgeoned fourth-quarter mortgage results at Wells Fargo & Co. WFC -0.11% and J.P. Morgan Chase & Co. JPM +0.22% , the country’s leading residential lenders, according to earni…

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The end of the mortgage party? Home lending plummets at Wells Fargo, J.P. Morgan Chase

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