These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.

Total loan balances rose from last quarter and year over year, according to the FDIC. There are good reasons to borrow now.

Many older people have lower incomes and less time to pay off loans than younger counterparts, making lenders hesitant.

It used to be the top mortgage lender in the country.

Laurie Stewart, CEO of Sound Community Bank in Seattle, says she’s seen a “real uptick in demand for deposits.”

Los Angeles mortgage broker Vivian Gueler says high rates, high home prices and a weak stock market are stopping people from buying homes.

As interest rates climb, people who own homes with low mortgage rates have little incentive to sell, keeping the supply tight.

Prices may be coming down and houses are on the market longer, but many potential buyers have given up.

They’re setting aside more cash to cover delinquencies and taking closer looks at prospective borrowers.

They’re sliding even though the Federal Reserve has been raising interest rates this year.