The steady rise in mortgage rates since February and consequent fall in loan originations have pulled shares of Republic Bancorp, Owosso, Mich., into a holding pattern.

After peaking in January, before the Federal Reserve Board began lifting interest rates, the shares have recently traded in a narrow range near their yearend price level. They were up 25 cents to $13.25 on Monday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.