Why Banks Are Enjoying Record Mortgage Revenue
From Real Time Economics
December 3, 2012 - 2:27pm
Mortgage rates have fallen to their lowest recorded levels, but the spread between banks’ cost of funding mortgages and the rates being offered to borrowers has soared in recent months.The upshot, the thinking goes, is that mortgage rates would be even lower if banks were passing along their lower funding costs to borrowers.
December 3, 2012 - 2:27pm
Share This Article:
Economy Buzz
- May24 9:30pmDurable goods orders point to factory resilience
- May24 8:06pmFriday Night Music: Arcade Fire Does the Clash
- May24 7:17pmBeppe Grillo Supports "Referendum on the Euro Within a year"
- May24 7:04pmDurable Orders Bounce Back, but Shipments Decline
- May24 5:06pmLA Bluejeans Makers Fear Their Business Will Fade Away
- May24 4:49pmWhy Japan's Selloff Is Wakeup Call for U.S. Investors
- May24 4:40pmNew York AG: Big Banks Still Offending Post-Settlement
- May24 4:10pmHere Are Some Surprising Findings About Hunger In America
- May24 4:07pmPaying For Our Past Sins
- May24 4:00pmBattered Jersey Shore Pins Recovery Hopes On Summer Season
- May24 3:48pmHard to See Pattern in Durables Goods Report
- May24 3:00pmHousing Market Recovers Though Economy Lags Behind
- May24 2:39pmParsing the Federal Reserve
- May24 2:07pmDiscussion in Spain on Leaving the Euro; Euro Exit Manifest
- May24 2:04pmPeru’s Economy Downshifts, but Still Has Plenty of Gas
- May24 1:57pm'The Noble and Ancient Tradition of Moron-Baiting'
- May24 1:23pmThe wages of sin
- May24 12:33pmFed’s Bullard: ECB May Have to Consider New Stimulus Measures
- May24 12:25pmWho’s Being Affected by the Sequester, and Do Americans Really Care?
- May24 12:13pmU.S. Factories Show Strength As New Orders Increase
- May24 11:20amSeib & Wessel: World Economy's Great Uncertainty
- May24 11:11amFed Sent $15 Billion to Treasury in First Quarter
- May24 11:11amGreek Debt Unchanged Since 2010; EU to Give Greece Still More Time; More Time Is Useless
- May24 10:51amSecondary Sources: Inequality, Corporate Taxes, Economic History
- May24 10:39amDurable Orders Bounce Back
- May24 10:33amMining Stirs Tensions in Mexico
- May24 10:30amTornado loss estimate: $2 billion to $5 billion
- May24 10:25amBernanke’s Testimony and Market Uncertainty: Week in Review
- May24 10:18amAnalysis: Not All Good News in Durables Report
- May24 10:08amVital Signs Chart: Fewer Collecting Unemployment
- May24 9:28amThis Week's Volatility Reflects A Major Change In The Market's Trend
- May24 9:18amMore Homeowners Become Accidental Landlords
- May24 9:17amThe Economy May Be Able To Escape The Dreaded Economic 'Soft Patch'
- May24 8:37amMarkets Queue Up For a Third Red Open: Morning Buzzers
- May24 8:32amSummer Travel Forecast: Better, but No Blowout
- May24 8:19amHere’s Why Stocks Sparked a Turnaround
- May24 8:17amGrowing Number of Americans Go Carless
- May24 8:12amEnough With This 'Shareholder Value' Obsession -- It's Ruining America
- May24 7:19am8 Worst States for the Unemployed
- May24 7:19amImmigration Bill 'Could Create DMZ' Like Korea
- May24 5:54amThe 'chicken poop' credit and other bad tax breaks
- May24 5:18amSelloffs Raise Questions About ‘Abenomics’
- May24 4:00amWhat Has Been Driving Stock Prices Up?
- May24 4:00amFinancial Markets In The News
- May24 3:38amAnother Look at Bernanke's Employment Recovery in Chart Form
- May24 3:10amPaul Krugman: Japan the Model
- May24 3:10amFed Watch: More Fed - It Never Ends
- May24 3:03amLinks for 05-24-2013
- May24 1:36amFrance Private Sector Implosion Continues
