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Keeping the rate low has many benefits.1- Banks cost of money is almost zero.2- Customers can afford low rates and more customers are willing to get loan that produces more activity for banks.3- Low rates create jobs since investors have access to cheaper money. More jobs is goog for banks.
the bank has got to have a spread---even if they are getting CHEAP money to make loans, 3-5% mort. loans are NOT enough-fees in refis help since most of fees are BScars, personal loans can help but that goes back to my original question