Relevant:
- Mortgage Rates Hit 1-Year High; NAR Whines for Government (Taxpayer) Support of Fannie, Freddie; "*" the NAR
- Why Banks Are Enjoying Record Mortgage Revenue
- When Will Mortgage Rates Finally Rise?
- How low will mortgage rates go?
- Current Mortgage Rates: Mortgage Rates Currently Approaching an All Time Low
2012-12-05 — cnn.com
``Regulators have recently been looking into why mortgage rates, spurred on by record low interest rates, haven't fallen more. (Mortgage rates have fallen to a recent 3.4%. But that's still much higher than Fannie and Freddie funding rates, and the 10-year Treasury bond at a recent 1.6%.) On Monday, the Federal Reserve Bank of New York held an all day conference on the topic. According to attendees, the reasons discussed included a lack of competition in the mortgage market, and the fact that banks are still dealing with a high number of foreclosures. Many expect the spread between government bonds and mortgage rates to narrow in the next year. That's made some question just how long the current bank profit rebound can continue.''
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