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Is the Mortgage Boom Cooling Down?

People are still buying homes -- or at least want to -- so then why are profits down for mortgage lenders? The mortgage industry is expected to earn 14.2% less than it did last year. There are several reasons for this: increased competition among lenders, rising interest rates (which greatly affects the refinance portion of the mortgage business), more options for homebuyers than a traditional mortgage, and rising home prices.