Soaring Mortgage Rates: Customers Lose, Banks Win

In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the implications of rising mortgage rates on American banks, as well as the American consumer.

When Wells Fargo and JPMorgan Chase report earnings on Friday morning, investors will see a strong representation of the mortgage market for banks.

Will tomorrow's reports drive the market higher?
Banks are set to begin reporting second-quarter earnings over the next few weeks. Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.

To follow The Fool's coverage of financial stocks, click here!

You can follow David and Matt on Twitter.

To watch Where the Money Is in its entirety, click here.


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