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... Very simple, adjust the interest rate.
Since last year, the Fed has continuously adjusted interest rates and kept rising. From one percent, it rose to 5.5%.
As interest rates rise, it means that the income of these mortgage finance companies has risen, and the bank’s mortgage income has risen, but the pressure on those who repay the loans has increased several times.
The interest rate of the loan is normally higher than the deposit rate, which is also one of the main source ...
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