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Fattened Margins Seen Shrinking 40% at Banks: Mortgages
Posted to: Around The Web
Thursday, February 21, 2013 7:58 PM

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Fattened Margins Seen Shrinking 40% at Banks: Mortgages Businessweek Record mortgage profits that drove earnings at Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM) are fading as increased competition keeps the rates banks are offering on new loans near all-time lows. The amount that lenders make from ...

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Mortgage Rates:
  • 30 Yr FRM 3.68%
  • |
  • 15 Yr FRM 2.84%
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  • Jumbo 30 Year Fixed 3.78%
MBS Prices:
  • 30YR FNMA 4.5 107-07 (0-06)
  • |
  • 30YR FNMA 5.0 108-01 (0-05)
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  • 30YR FNMA 5.5 108-14 (0-01)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
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  • Mortgage Apps 1.81%
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  • Refinance Index 2.80%
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