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Booming banks say consumers may not see lower mortgage rates – The Washington Post

Fed actions to reduce mortgage rates may be helping banks more than borrowers

Timothy A. Clary/AFP/Getty Images – JPMorgan Chase and Wells Fargo, the nation’s largest lenders, said Friday they won’t make home loans much cheaper for consumers, even as they reported booming profits from their mortgage business.

Fed actions to reduce mortgage rates may be helping banks more than borrowers

via Booming banks say consumers may not see lower mortgage rates – The Washington Post.

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