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Real estate:Commercial real estate is headed for a crisis worse than 2008, Morgan Stanley analysts say
Mortgage rates more than doubled in 2022, briefly touching 7% in October. Rates have since come down slightly.
Well Fargo, once the number one mortgage lender, announced it would be scaling back on the home lending business to focus only on bank customers and members of the minority community.
Swapna Venugopal Ramaswamy is a housing and economy correspondent for USA TODAY. You can follow her on Twitter @SwapnaVenugopal and sign up for our Daily Money newsletter here.
Source: usatoday.com